PayPal Holdings, Inc. (NASDAQ:PYPL) Position Increased by United Asset Strategies Inc.

United Asset Strategies Inc. increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.9% during the fourth quarter, Holdings Channel reports. The fund owned 42,803 shares of the credit services provider’s stock after acquiring an additional 3,856 shares during the quarter. United Asset Strategies Inc.’s holdings in PayPal were worth $3,653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal during the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton raised its holdings in shares of 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 acquiring an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Planning Capital Management Corp boosted its position in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its stake in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PYPL. Oppenheimer assumed coverage on PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $86.00 to $103.00 in a research note on Monday, December 9th. UBS Group increased their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.48.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $89.11 on Monday. The business’s 50 day moving average is $87.76 and its 200-day moving average is $78.05. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $89.34 billion, a PE ratio of 21.27, a PEG ratio of 1.54 and a beta of 1.44. 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 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 quarter in the previous year, the company earned $0.97 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts predict 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.