Tradewinds Capital Management LLC Purchases 623 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Tradewinds Capital Management LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 234.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 889 shares of the credit services provider’s stock after purchasing an additional 623 shares during the quarter. Tradewinds Capital Management LLC’s holdings in PayPal were worth $76,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities USA LLC raised its holdings in PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after acquiring an additional 10,419,351 shares in the last quarter. FMR LLC raised its holdings in PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC acquired a new position in PayPal in the 3rd quarter valued at $387,435,000. Robeco Institutional Asset Management B.V. raised its holdings in PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after acquiring an additional 2,689,162 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in PayPal by 9,864.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after acquiring an additional 1,108,030 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Phillip Securities reissued an “accumulate” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. BMO Capital Markets boosted their price target on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Fourteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $74.95 on Friday. The stock has a fifty day simple moving average of $85.18 and a two-hundred day simple moving average of $80.75. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The firm has a market cap of $74.14 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating 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 business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the company earned $1.48 earnings per share. PayPal’s revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.