Charles Schwab Trust Co Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Charles Schwab Trust Co lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,167 shares of the credit services provider’s stock after purchasing an additional 167 shares during the quarter. Charles Schwab Trust Co’s holdings in PayPal were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bruce G. Allen Investments LLC increased its position in shares of PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 124 shares during the period. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Wynn Capital LLC raised its holdings in PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after acquiring an additional 130 shares in the last quarter. Brave Asset Management Inc. grew its holdings in PayPal by 5.2% during the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after acquiring an additional 141 shares in the last quarter. Finally, First United Bank & Trust grew its stake in shares of PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PYPL. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Robert W. Baird upped their target price on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Mizuho lifted their price target on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Fourteen equities research 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. According to MarketBeat, PayPal has an average rating of “Moderate Buy” and an average target price of $89.32.

PayPal Price Performance

Shares of PayPal stock opened at $91.81 on Tuesday. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The business’s fifty day moving average price is $87.40 and its 200 day moving average price is $76.97. The stock has a market capitalization of $92.04 billion, a P/E ratio of 21.91, a PEG ratio of 1.57 and a beta of 1.44. 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 (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating 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 return on equity of 23.44% and a net margin of 14.08%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share 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.