PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Lifted by Legato Capital Management LLC

Legato Capital Management LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,829 shares of the credit services provider’s stock after acquiring an additional 5,849 shares during the quarter. Legato Capital Management LLC’s holdings in PayPal were worth $2,546,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal during the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton lifted its position 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 valued at $26,000 after acquiring an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its stake in shares of PayPal by 344.3% during the 4th 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 in the last quarter. Planning Capital Management Corp boosted its stake in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $76.21 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25. The stock has a market capitalization of $75.39 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.29 and a beta of 1.44. The business has a 50-day moving average of $87.35 and a two-hundred day moving average of $79.93. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping 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 firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the company earned $1.48 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PYPL. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Macquarie upped their price objective on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday. Stephens lifted their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $90.52.

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.