Fortem Financial Group LLC Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fortem Financial Group LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,302 shares of the credit services provider’s stock after acquiring an additional 7,291 shares during the quarter. PayPal comprises about 1.1% of Fortem Financial Group LLC’s portfolio, making the stock its 25th largest position. Fortem Financial Group LLC’s holdings in PayPal were worth $2,842,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mizuho Securities USA LLC lifted its position in shares of PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares during the last quarter. FMR LLC lifted its holdings in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after buying an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC purchased a new stake in PayPal in the 3rd quarter valued at about $387,435,000. Primecap Management Co. CA grew its stake in PayPal by 180.7% in the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after acquiring an additional 3,184,160 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after acquiring an additional 1,866,925 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

PYPL traded up $1.74 during trading on Monday, reaching $89.34. 5,337,009 shares of the company’s stock were exchanged, compared to its average volume of 5,829,405. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The company’s fifty day simple moving average is $85.87 and its 200-day simple moving average is $74.94. The stock has a market capitalization of $89.57 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company 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 firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research reports. Piper Sandler restated a “neutral” rating and set a $88.00 price objective on shares of PayPal in a report on Friday, November 22nd. Robert W. Baird raised their price target on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $88.65.

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.