BankPlus Trust Department Makes New $1.01 Million Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

BankPlus Trust Department purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, HoldingsChannel reports. The fund purchased 11,811 shares of the credit services provider’s stock, valued at approximately $1,008,000.

Other hedge funds also recently made changes to their positions in the company. GHE LLC increased its position in PayPal by 4.7% during the 4th quarter. GHE LLC now owns 28,214 shares of the credit services provider’s stock valued at $2,202,000 after purchasing an additional 1,258 shares during the period. Rothschild Investment LLC increased its position in shares of PayPal by 5.1% during the fourth quarter. Rothschild Investment LLC now owns 66,920 shares of the credit services provider’s stock worth $5,712,000 after buying an additional 3,226 shares during the period. Crestwood Advisors Group LLC lifted its holdings in PayPal by 22.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 4,516 shares of the credit services provider’s stock valued at $385,000 after buying an additional 831 shares during the period. IFP Advisors Inc boosted its position in PayPal by 55.7% during the fourth quarter. IFP Advisors Inc now owns 12,220 shares of the credit services provider’s stock valued at $1,043,000 after acquiring an additional 4,370 shares during the last quarter. Finally, Hardman Johnston Global Advisors LLC grew its holdings in PayPal by 46.8% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 397,824 shares of the credit services provider’s stock worth $33,954,000 after acquiring an additional 126,905 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PYPL. Morgan Stanley reiterated an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Citigroup reissued an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Macquarie upped their price objective on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Fourteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Trading Down 3.5 %

NASDAQ:PYPL opened at $74.95 on Monday. 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 firm’s 50 day moving average is $85.18 and its 200 day moving average is $80.88. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The stock has a market capitalization of $74.14 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the company earned $1.48 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.