Tandem Capital Management Corp ADV Buys 2,250 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Tandem Capital Management Corp ADV increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 30.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,592 shares of the credit services provider’s stock after acquiring an additional 2,250 shares during the period. Tandem Capital Management Corp ADV’s holdings in PayPal were worth $819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PYPL. Algert Global LLC bought a new stake in shares of PayPal during the 2nd quarter worth approximately $435,000. Czech National Bank lifted its stake in shares of PayPal by 4.5% during the 3rd quarter. Czech National Bank now owns 208,260 shares of the credit services provider’s stock worth $16,251,000 after acquiring an additional 8,925 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of PayPal by 30.5% during the 3rd quarter. Park Avenue Securities LLC now owns 29,346 shares of the credit services provider’s stock worth $2,290,000 after acquiring an additional 6,859 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of PayPal by 37.2% during the 3rd quarter. GAMMA Investing LLC now owns 9,652 shares of the credit services provider’s stock worth $753,000 after acquiring an additional 2,616 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in shares of PayPal during the 3rd quarter worth approximately $1,367,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

NASDAQ PYPL opened at $89.51 on Tuesday. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The stock has a 50-day moving average of $88.16 and a 200 day moving average of $79.05. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $89.74 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 1.49 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.44% and a net margin of 14.08%. During the same quarter last year, the company posted $1.48 earnings per share. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of analyst reports. BMO Capital Markets lifted their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Macquarie lifted their price target on PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. The Goldman Sachs Group lifted their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a report on Friday, December 13th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.48.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.