PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Boosted by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.9% during the fourth quarter, Holdings Channel reports. The fund owned 3,693 shares of the credit services provider’s stock after purchasing an additional 452 shares during the quarter. CHICAGO TRUST Co NA’s holdings in PayPal were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal during the third quarter valued at approximately $26,000. SYSTM Wealth Solutions LLC raised its stake in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp increased its holdings in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Finally, Financial Management Professionals Inc. raised its stake in shares of 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. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

Shares of PYPL stock opened at $83.99 on Tuesday. The stock’s 50-day moving average is $86.75 and its two-hundred day moving average is $76.10. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The firm has a market cap of $84.20 billion, a P/E ratio of 20.05, a PEG ratio of 1.66 and a beta of 1.44. 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 (NASDAQ:PYPL) last released its quarterly earnings data 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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the business earned $0.97 EPS. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PYPL shares. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and increased their target price for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Monness Crespi & Hardt raised their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Phillip Securities restated an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Wells Fargo & Company lifted their price target on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $88.65.

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.