Doliver Advisors LP Acquires 425 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Doliver Advisors LP grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,771 shares of the credit services provider’s stock after acquiring an additional 425 shares during the period. Doliver Advisors LP’s holdings in PayPal were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the third quarter worth about $26,000. SYSTM Wealth Solutions LLC increased its holdings in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares in the last quarter. Planning Capital Management Corp raised its stake in 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 during the period. Financial Management Professionals Inc. lifted its holdings in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in shares of PayPal in the third quarter worth approximately $36,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Canaccord Genuity Group lifted their target price on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, BMO Capital Markets boosted their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Fourteen investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.65.

PayPal Price Performance

PayPal stock traded up $1.62 during trading on Monday, reaching $89.22. The company had a trading volume of 4,765,517 shares, compared to its average volume of 5,641,140. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50-day simple moving average is $85.87 and its 200 day simple moving average is $74.94. The firm has a market capitalization of $89.45 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results 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 during 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 revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal 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.