LifePlan Financial LLC Has $1.93 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

LifePlan Financial LLC lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,575 shares of the credit services provider’s stock after selling 1,160 shares during the period. PayPal comprises 1.7% of LifePlan Financial LLC’s holdings, making the stock its 17th largest position. LifePlan Financial LLC’s holdings in PayPal were worth $1,927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PYPL. TB Alternative Assets Ltd. bought a new position in shares of PayPal in the fourth quarter valued at $7,987,000. Perpetual Ltd grew its position in shares of PayPal by 8,761.1% in the 4th quarter. Perpetual Ltd now owns 946,545 shares of the credit services provider’s stock valued at $80,788,000 after acquiring an additional 935,863 shares during the period. First United Bank & Trust increased its stake in shares of PayPal by 10.9% during the 4th quarter. First United Bank & Trust now owns 2,655 shares of the credit services provider’s stock worth $227,000 after purchasing an additional 260 shares during the last quarter. Charles Schwab Trust Co raised its holdings in shares of PayPal by 4.2% in the 4th quarter. Charles Schwab Trust Co now owns 4,167 shares of the credit services provider’s stock valued at $356,000 after purchasing an additional 167 shares during the period. Finally, Ballentine Partners LLC lifted its stake in PayPal by 6.8% in the 4th quarter. Ballentine Partners LLC now owns 15,208 shares of the credit services provider’s stock valued at $1,298,000 after purchasing an additional 971 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $91.81 on Tuesday. The company has a market cap of $92.04 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.57 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 Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The business has a 50 day moving average price of $87.50 and a 200-day moving average price of $77.20.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

PYPL has been the topic of several research analyst reports. Morgan Stanley upped their price objective on PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and raised their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Piper Sandler reiterated a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a report on Friday, November 22nd. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.32.

PayPal 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.