Kestra Private Wealth Services LLC Buys 9,039 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Kestra Private Wealth Services LLC increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,474 shares of the credit services provider’s stock after purchasing an additional 9,039 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in PayPal were worth $5,674,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wedmont Private Capital raised its position in shares of PayPal by 39.0% in the 3rd quarter. Wedmont Private Capital now owns 5,474 shares of the credit services provider’s stock valued at $439,000 after acquiring an additional 1,535 shares during the period. Valeo Financial Advisors LLC grew its stake in PayPal by 2.2% in the third quarter. Valeo Financial Advisors LLC now owns 40,938 shares of the credit services provider’s stock valued at $3,194,000 after acquiring an additional 869 shares during the period. Octavia Wealth Advisors LLC bought a new stake in shares of PayPal in the third quarter worth about $206,000. Ritholtz Wealth Management raised its position in shares of PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 152 shares during the period. Finally, Carnegie Investment Counsel lifted its holdings in shares of PayPal by 14.4% during the 3rd quarter. Carnegie Investment Counsel now owns 219,889 shares of the credit services provider’s stock valued at $17,158,000 after purchasing an additional 27,705 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 1.6 %

Shares of PYPL opened at $77.31 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The firm’s 50 day moving average is $87.52 and its 200-day moving average is $79.63. The stock has a market capitalization of $76.48 billion, a PE ratio of 19.28, a P/E/G ratio of 1.29 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 analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.48 EPS. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research reports. Monness Crespi & Hardt increased their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and raised their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Wells Fargo & Company boosted their price objective on shares of PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler increased their price objective on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $90.45.

About PayPal

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.