Fisher Funds Management LTD Invests $3.17 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fisher Funds Management LTD acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 37,129 shares of the credit services provider’s stock, valued at approximately $3,171,000.

Several other hedge funds have also recently made changes to their positions in PYPL. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the third quarter valued at approximately $26,000. Sugarloaf Wealth Management LLC increased its holdings in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp raised its position in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Down 3.5 %

PYPL stock 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 has a 50-day moving average of $85.18 and a two-hundred day moving average of $80.88. 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 $74.14 billion, a price-to-earnings ratio of 18.69, a PEG 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 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 earnings per share. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Phillip Securities reissued an “accumulate” rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. UBS Group raised their target price on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Macquarie boosted their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.52.

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.