Synergy Financial Group LTD Grows Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Synergy Financial Group LTD increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 36.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,916 shares of the credit services provider’s stock after acquiring an additional 1,861 shares during the quarter. Synergy Financial Group LTD’s holdings in PayPal were worth $590,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PYPL. Park Place Capital Corp boosted its stake in shares of PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after acquiring an additional 116 shares during the period. Rosenberg Matthew Hamilton lifted its position in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the last quarter. JFS Wealth Advisors LLC raised its position in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 125 shares during the period. Wynn Capital LLC grew its position in PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after acquiring an additional 130 shares during the last quarter. Finally, Brave Asset Management Inc. increased its stake in PayPal by 5.2% in the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after buying an additional 141 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PYPL has been the subject of several recent research reports. UBS Group boosted their price target on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their target price on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Phillip Securities reiterated an “accumulate” rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Canaccord Genuity Group boosted their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Monness Crespi & Hardt boosted their price objective on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.52.

PayPal Price Performance

NASDAQ:PYPL opened at $75.25 on Tuesday. The company’s 50-day moving average price is $84.86 and its two-hundred day moving average price is $80.96. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The firm has a market cap of $74.44 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating 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 last year, the company earned $1.48 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.