Denver PWM LLC Buys New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

Denver PWM LLC bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,058 shares of the credit services provider’s stock, valued at approximately $90,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. FPC Investment Advisory Inc. lifted its stake in PayPal by 16.4% during the fourth quarter. FPC Investment Advisory Inc. now owns 1,059 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 149 shares during the last quarter. Fisher Funds Management LTD purchased a new stake in shares of PayPal in the 4th quarter valued at approximately $3,171,000. Sigma Planning Corp lifted its position in shares of PayPal by 11.3% in the 4th quarter. Sigma Planning Corp now owns 14,178 shares of the credit services provider’s stock valued at $1,210,000 after acquiring an additional 1,442 shares in the last quarter. Boyd Watterson Asset Management LLC OH lifted its position in shares of PayPal by 35.3% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 28,465 shares of the credit services provider’s stock valued at $2,429,000 after acquiring an additional 7,430 shares in the last quarter. Finally, Leuthold Group LLC purchased a new stake in shares of PayPal in the 4th quarter valued at approximately $4,716,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research analyst reports. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Susquehanna upped their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research report on Friday, December 13th. Finally, The Goldman Sachs Group increased their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.52.

PayPal Price Performance

NASDAQ:PYPL opened at $74.95 on Friday. The company has a 50-day moving average of $85.18 and a 200-day moving average of $80.75. The company has a market capitalization of $74.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.27 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last released 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 company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.48 EPS. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share 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.