PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,825 shares of the credit services provider’s stock after buying an additional 155 shares during the period. PayPal comprises approximately 1.3% of Cascade Investment Advisors Inc.’s holdings, making the stock its 22nd largest position. Cascade Investment Advisors Inc.’s holdings in PayPal were worth $2,033,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton grew its holdings in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal in the 3rd quarter valued at about $26,000. Sugarloaf Wealth Management LLC boosted its position 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 valued at $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp raised its holdings in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. raised 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 purchasing an additional 243 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PYPL. Mizuho increased their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and increased their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Citigroup raised their target price on shares of PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, BMO Capital Markets upped their price target on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Stock Performance

NASDAQ:PYPL opened at $90.24 on Tuesday. 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 moving average is $87.76 and its 200-day moving average is $78.05. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The company has a market cap of $90.47 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 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 analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. 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 posted $0.97 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.

PayPal Company 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.