Allworth Financial LP Buys 14,073 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Allworth Financial LP lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 245.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,800 shares of the credit services provider’s stock after acquiring an additional 14,073 shares during the period. Allworth Financial LP’s holdings in PayPal were worth $1,779,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PYPL. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC purchased a new stake in PayPal in the third quarter worth approximately $387,435,000. United Advisor Group LLC bought a new position in PayPal during the third quarter valued at approximately $810,000. FCG Investment Co purchased a new position in shares of PayPal during the third quarter worth approximately $1,079,000. Finally, Equity Investment Corp lifted its holdings in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Susquehanna lifted their target price 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. Robert W. Baird dropped their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. BMO Capital Markets lifted their price target on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price objective on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Citigroup raised their target price on shares of PayPal from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Thirteen investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.52.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $78.62 on Wednesday. The business has a fifty day moving average price of $86.18 and a 200-day moving average price of $80.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25. The company has a market capitalization of $77.77 billion, a PE ratio of 19.61, a PEG ratio of 1.29 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.