Capital Wealth Alliance LLC Invests $387,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Capital Wealth Alliance LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, HoldingsChannel reports. The fund acquired 4,537 shares of the credit services provider’s stock, valued at approximately $387,000.

Other large investors have also added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC lifted its position in PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of PayPal during the 3rd quarter valued at approximately $387,435,000. United Advisor Group LLC purchased a new stake in PayPal in the 3rd quarter worth approximately $810,000. FCG Investment Co bought a new position in shares of PayPal during the 3rd quarter valued at about $1,079,000. Finally, Equity Investment Corp increased its holdings in shares of PayPal by 3.5% in the third 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 during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PYPL. UBS Group boosted their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Macquarie boosted their price objective on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. raised their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Finally, Stephens increased their price target on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Trading Up 1.2 %

Shares of NASDAQ:PYPL opened at $78.24 on Tuesday. The firm has a market capitalization of $77.40 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The business’s 50 day moving average price is $87.52 and its 200-day moving average price is $79.79. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66.

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, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.