PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Narus Financial Partners LLC

Narus Financial Partners LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,098 shares of the credit services provider’s stock after acquiring an additional 245 shares during the quarter. Narus Financial Partners LLC’s holdings in PayPal were worth $350,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the third quarter worth $26,000. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares during the period. Sugarloaf Wealth Management LLC grew its position in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. Planning Capital Management Corp raised its stake in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares during the period. Finally, Financial Management Professionals Inc. lifted its holdings in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Up 0.9 %

NASDAQ:PYPL opened at $89.57 on Friday. The business’s fifty day moving average price is $88.04 and its 200 day moving average price is $78.53. The firm has a market capitalization of $89.80 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.49 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results 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. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and increased their price target for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Wells Fargo & Company raised their target price on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Citigroup raised their price target on shares of PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Robert W. Baird lifted their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.48.

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.