Catalyst Financial Partners LLC Buys 300 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Catalyst Financial Partners LLC lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,618 shares of the credit services provider’s stock after buying an additional 300 shares during the quarter. Catalyst Financial Partners LLC’s holdings in PayPal were worth $309,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Avestar Capital LLC lifted its stake in shares of PayPal by 12.2% during the 4th quarter. Avestar Capital LLC now owns 9,106 shares of the credit services provider’s stock valued at $777,000 after buying an additional 991 shares in the last quarter. Sawgrass Asset Management LLC lifted its stake in shares of PayPal by 4.4% during the 4th quarter. Sawgrass Asset Management LLC now owns 14,944 shares of the credit services provider’s stock valued at $1,275,000 after buying an additional 631 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of PayPal by 254.6% during the 4th quarter. Van ECK Associates Corp now owns 231,679 shares of the credit services provider’s stock valued at $19,774,000 after buying an additional 166,342 shares in the last quarter. Legato Capital Management LLC lifted its stake in shares of PayPal by 24.4% during the 4th quarter. Legato Capital Management LLC now owns 29,829 shares of the credit services provider’s stock valued at $2,546,000 after buying an additional 5,849 shares in the last quarter. Finally, Avion Wealth lifted its stake in shares of PayPal by 146.3% during the 4th quarter. Avion Wealth now owns 931 shares of the credit services provider’s stock valued at $79,000 after buying an additional 553 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PYPL. Morgan Stanley lowered their target price on shares of PayPal from $90.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Citigroup increased their target price on shares of PayPal from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Finally, Wells Fargo & Company increased their target price on shares of PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Thirteen 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.52.

PayPal Price Performance

Shares of PayPal stock opened at $77.97 on Friday. The firm has a market cap of $77.13 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $86.66 and its two-hundred day simple moving average is $80.01.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 EPS. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal 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.