Ghe LLC Buys 1,258 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Ghe LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,214 shares of the credit services provider’s stock after acquiring an additional 1,258 shares during the quarter. PayPal accounts for about 0.9% of Ghe LLC’s investment portfolio, making the stock its 22nd largest holding. Ghe LLC’s holdings in PayPal were worth $2,202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PYPL. Relyea Zuckerberg Hanson LLC grew its position in PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after buying an additional 3,976 shares during the period. World Investment Advisors LLC bought a new stake in PayPal during the third quarter valued at approximately $387,435,000. United Advisor Group LLC bought a new stake in PayPal during the third quarter valued at approximately $810,000. FCG Investment Co bought a new stake in PayPal during the third quarter valued at approximately $1,079,000. Finally, Equity Investment Corp grew its position in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Down 3.5 %

NASDAQ PYPL opened at $74.95 on Monday. The company’s 50-day moving average price is $85.18 and its 200-day moving average price is $80.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $74.14 billion, a PE ratio of 18.69, a PEG ratio of 1.27 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results 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 analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Canaccord Genuity Group upped their price target on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Susquehanna upped their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, February 5th. Finally, BMO Capital Markets boosted their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.52.

PayPal Company 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.