Avior Wealth Management LLC Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Avior Wealth Management LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,928 shares of the credit services provider’s stock after purchasing an additional 1,321 shares during the quarter. Avior Wealth Management LLC’s holdings in PayPal were worth $2,128,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PYPL. Rosenberg Matthew Hamilton boosted its position in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal in the third quarter valued at approximately $26,000. Sugarloaf Wealth Management LLC grew its stake in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp raised its position in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its holdings in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $89.73 on Friday. The stock has a market cap of $89.96 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a 50 day simple moving average of $87.62 and a two-hundred day simple moving average of $77.49. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. As a group, analysts predict that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BMO Capital Markets lifted their price objective 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 cut shares of PayPal from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $86.00 to $103.00 in a report on Monday, December 9th. Oppenheimer started coverage on PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, UBS Group lifted their price target on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.32.

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.