Old North State Wealth Management LLC Grows Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Old North State Wealth Management LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 43,027 shares of the credit services provider’s stock after acquiring an additional 2,513 shares during the period. PayPal makes up about 2.1% of Old North State Wealth Management LLC’s holdings, making the stock its 14th largest holding. Old North State Wealth Management LLC’s holdings in PayPal were worth $3,672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. E. Ohman J or Asset Management AB lifted its holdings in shares of PayPal by 6.8% in the 4th quarter. E. Ohman J or Asset Management AB now owns 43,790 shares of the credit services provider’s stock worth $3,737,000 after acquiring an additional 2,790 shares during the last quarter. Mather Group LLC. lifted its stake in PayPal by 12.0% during the fourth quarter. Mather Group LLC. now owns 1,782 shares of the credit services provider’s stock worth $152,000 after purchasing an additional 191 shares in the last quarter. Tandem Capital Management Corp ADV boosted its position in shares of PayPal by 30.6% during the fourth quarter. Tandem Capital Management Corp ADV now owns 9,592 shares of the credit services provider’s stock worth $819,000 after buying an additional 2,250 shares during the period. Trust Point Inc. grew its stake in shares of PayPal by 5.7% in the fourth quarter. Trust Point Inc. now owns 5,092 shares of the credit services provider’s stock valued at $435,000 after buying an additional 276 shares in the last quarter. Finally, F&V Capital Management LLC lifted its stake in PayPal by 1.7% during the 4th quarter. F&V Capital Management LLC now owns 226,875 shares of the credit services provider’s stock worth $19,364,000 after acquiring an additional 3,735 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 13.2 %

PayPal stock opened at $77.72 on Wednesday. The stock has a 50 day moving average of $88.20 and a two-hundred day moving average of $79.26. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The stock has a market capitalization of $77.92 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.49 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $1.48 EPS. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research reports. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Robert W. Baird upped their target price on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. UBS Group raised their price target on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Barclays upped their price objective on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Finally, Macquarie lifted their target price on PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.48.

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.