Fifth Third Wealth Advisors LLC Raises Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fifth Third Wealth Advisors LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 41.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,179 shares of the credit services provider’s stock after buying an additional 4,708 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in PayPal were worth $1,381,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PYPL. Oak Thistle LLC purchased a new stake in shares of PayPal during the 4th quarter worth approximately $209,000. Wynn Capital LLC grew its holdings in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after purchasing an additional 130 shares during the period. Rosenberg Matthew Hamilton increased its position in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the last quarter. Global Financial Private Client LLC raised its stake in shares of PayPal by 992.7% in the fourth quarter. Global Financial Private Client LLC now owns 1,344 shares of the credit services provider’s stock valued at $115,000 after buying an additional 1,221 shares during the period. Finally, Marcum Wealth LLC lifted its position in shares of PayPal by 12.0% during the 4th quarter. Marcum Wealth LLC now owns 4,077 shares of the credit services provider’s stock valued at $348,000 after buying an additional 438 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PYPL. Keefe, Bruyette & Woods boosted their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Mizuho boosted their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Canaccord Genuity Group raised their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Stephens boosted their target price on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Susquehanna raised their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.16.

Get Our Latest Report on PayPal

PayPal Stock Up 2.8 %

Shares of NASDAQ PYPL opened at $89.64 on Thursday. The stock has a market capitalization of $89.87 billion, a P/E ratio of 21.39, a PEG ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The firm’s 50 day simple moving average is $86.91 and its two-hundred day simple moving average is $76.31. 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:PYPLGet Free Report) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the company earned $0.97 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

About PayPal

(Free Report)

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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