FCG Investment Co Increases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

FCG Investment Co boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,019 shares of the credit services provider’s stock after acquiring an additional 1,190 shares during the period. FCG Investment Co’s holdings in PayPal were worth $1,282,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Sei Investments Co. grew its position in shares of PayPal by 35.4% in the 2nd quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock worth $8,545,000 after buying an additional 38,488 shares during the last quarter. Gabelli Funds LLC boosted its holdings in PayPal by 10.1% in the second quarter. Gabelli Funds LLC now owns 36,310 shares of the credit services provider’s stock valued at $2,107,000 after acquiring an additional 3,320 shares in the last quarter. Public Sector Pension Investment Board increased its position in PayPal by 49.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 46,228 shares of the credit services provider’s stock valued at $2,683,000 after purchasing an additional 15,316 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in PayPal by 56.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 191,555 shares of the credit services provider’s stock worth $11,116,000 after purchasing an additional 68,883 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in shares of PayPal by 11.3% in the 2nd quarter. Insigneo Advisory Services LLC now owns 22,047 shares of the credit services provider’s stock worth $1,333,000 after purchasing an additional 2,239 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PYPL. Macquarie boosted their price target on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Monness Crespi & Hardt upped their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Mizuho raised their target price on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Phillip Securities restated an “accumulate” rating and set a $90.00 price target (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Finally, Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a report on Friday, December 13th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.32.

PayPal Price Performance

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

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