Everpar Advisors LLC Buys 273 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Everpar Advisors LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,074 shares of the credit services provider’s stock after buying an additional 273 shares during the period. Everpar Advisors LLC’s holdings in PayPal were worth $348,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC grew its position in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 124 shares during the period. Rosenberg Matthew Hamilton boosted its position in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Wynn Capital LLC grew its holdings in PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after purchasing an additional 130 shares during the period. Brave Asset Management Inc. increased its position in shares of PayPal by 5.2% in the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after buying an additional 141 shares in the last quarter. Finally, First United Bank & Trust raised its stake in shares of PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after buying an additional 145 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on PYPL shares. Citigroup boosted their price target on shares of PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday. Stephens upped their price target on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. BMO Capital Markets boosted their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Susquehanna raised their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Finally, Robert W. Baird boosted their price target on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $89.32.

PayPal Stock Down 0.8 %

NASDAQ:PYPL opened at $88.92 on Friday. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The stock’s fifty day moving average is $87.08 and its two-hundred day moving average is $76.40. The stock has a market capitalization of $89.15 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 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 analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. Research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

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.