SRN Advisors LLC Buys 4,100 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

SRN Advisors LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 35.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,782 shares of the credit services provider’s stock after buying an additional 4,100 shares during the period. PayPal comprises about 1.2% of SRN Advisors LLC’s holdings, making the stock its 23rd biggest position. SRN Advisors LLC’s holdings in PayPal were worth $1,347,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC lifted its stake in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after buying an additional 3,976 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal in the third quarter valued at $387,435,000. United Advisor Group LLC purchased a new position in PayPal during the third quarter valued at approximately $810,000. Equity Investment Corp lifted its stake in PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. boosted its holdings in PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 17,003 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

PYPL opened at $72.05 on Thursday. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The company has a market cap of $71.27 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $84.25 and a two-hundred day simple moving average of $80.96.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.48 EPS. Research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Susquehanna raised their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research report on Friday, December 13th. Canaccord Genuity Group upped their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Phillip Securities reiterated an “accumulate” rating and set a $90.00 target price (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Fourteen 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. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $90.55.

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.