PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Falcon Wealth Planning

Falcon Wealth Planning boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 65.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,081 shares of the credit services provider’s stock after acquiring an additional 2,404 shares during the quarter. Falcon Wealth Planning’s holdings in PayPal were worth $519,000 at the end of the most recent quarter.

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

PayPal Stock Down 2.3 %

PYPL stock opened at $88.19 on Wednesday. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The firm has a market capitalization of $88.41 billion, a PE ratio of 21.05, a PEG ratio of 1.54 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a 50-day simple moving average of $87.87 and a two-hundred day simple moving average of $78.27.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. On average, equities analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PYPL. Wells Fargo & Company increased their target price on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley boosted their target price on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Citigroup increased their price target on shares of PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Susquehanna boosted their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.48.

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.