Premier Path Wealth Partners LLC Purchases 887 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Premier Path Wealth Partners LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,548 shares of the credit services provider’s stock after buying an additional 887 shares during the period. Premier Path Wealth Partners LLC’s holdings in PayPal were worth $730,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd bought a new position in PayPal in the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton lifted its holdings in shares of 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 in the last quarter. Sugarloaf Wealth Management LLC boosted its position in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Planning Capital Management Corp grew its stake in 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 acquiring an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Up 3.3 %

Shares of NASDAQ:PYPL opened at $91.81 on Friday. The business’s 50 day moving average is $87.40 and its 200 day moving average is $76.72. The stock has a market cap of $92.04 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for 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 business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup increased their price objective on shares of PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Piper Sandler reaffirmed a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a research note on Friday, November 22nd. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Wells Fargo & Company raised their target price on shares of PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, The Goldman Sachs Group upped their price target on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.32.

About PayPal

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.