Harel Insurance Investments & Financial Services Ltd. Grows Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Harel Insurance Investments & Financial Services Ltd. increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 681,068 shares of the credit services provider’s stock after buying an additional 41,980 shares during the period. PayPal accounts for about 1.0% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 25th largest holding. Harel Insurance Investments & Financial Services Ltd.’s holdings in PayPal were worth $58,129,000 as of its most recent filing with the Securities & Exchange Commission.

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

PayPal Stock Down 0.7 %

Shares of PYPL opened at $89.11 on Friday. The business’s 50 day moving average is $87.70 and its 200 day moving average is $77.58. 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 Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The company has a market capitalization of $89.34 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS 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 company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Research analysts expect that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PYPL shares. Macquarie boosted their price objective on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. UBS Group boosted their price target on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price objective on PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Piper Sandler lifted their price target on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.