Wealth Alliance Increases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Wealth Alliance boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,289 shares of the credit services provider’s stock after purchasing an additional 862 shares during the quarter. Wealth Alliance’s holdings in PayPal were worth $793,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Ieq Capital LLC grew its position in PayPal by 67.2% during the 4th quarter. Ieq Capital LLC now owns 264,371 shares of the credit services provider’s stock valued at $22,564,000 after purchasing an additional 106,236 shares during the last quarter. Financial Sense Advisors Inc. grew its stake in shares of PayPal by 7.1% in the fourth quarter. Financial Sense Advisors Inc. now owns 3,645 shares of the credit services provider’s stock worth $311,000 after acquiring an additional 241 shares during the period. Bryn Mawr Capital Management LLC grew its stake in shares of PayPal by 1,969.9% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 71,309 shares of the credit services provider’s stock worth $6,086,000 after acquiring an additional 67,864 shares during the period. Alberta Investment Management Corp grew its stake in shares of PayPal by 91.2% in the fourth quarter. Alberta Investment Management Corp now owns 43,600 shares of the credit services provider’s stock worth $3,721,000 after acquiring an additional 20,800 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of PayPal by 12.4% in the fourth quarter. Global Retirement Partners LLC now owns 9,310 shares of the credit services provider’s stock worth $795,000 after acquiring an additional 1,025 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 0.9 %

Shares of PYPL opened at $77.63 on Friday. The company’s fifty day moving average is $85.73 and its 200 day moving average is $80.55. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The stock has a market capitalization of $76.79 billion, a PE ratio of 19.36, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the business posted $1.48 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PYPL shares. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Canaccord Genuity Group lifted their price target on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their price target 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. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Finally, UBS Group raised their price objective on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Thirteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.52.

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.