MassMutual Private Wealth & Trust FSB Buys 3,917 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

MassMutual Private Wealth & Trust FSB lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 91,539 shares of the credit services provider’s stock after buying an additional 3,917 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in PayPal were worth $7,813,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company raised their price objective on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Piper Sandler reiterated a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a report on Friday, November 22nd. Barclays boosted their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Oppenheimer initiated coverage on shares of PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.32.

PayPal Trading Up 3.3 %

Shares of PayPal stock opened at $91.81 on Monday. The stock has a market capitalization of $92.04 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The stock has a 50 day moving average price of $87.40 and a two-hundred day moving average price of $76.85. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share 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.