3,128 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by New Century Financial Group LLC

New Century Financial Group LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,128 shares of the credit services provider’s stock, valued at approximately $274,000.

Several other hedge funds also recently bought and sold shares of the stock. Mizuho Securities USA LLC boosted its holdings in PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after acquiring an additional 10,419,351 shares during the period. FMR LLC boosted its stake in shares of PayPal by 86.3% in 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 during the period. World Investment Advisors LLC acquired a new position in shares of PayPal during the third quarter worth about $387,435,000. Clearbridge Investments LLC increased 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 worth $493,907,000 after buying an additional 1,866,925 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after acquiring an additional 1,108,030 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL opened at $89.11 on Friday. The firm has a market capitalization of $89.34 billion, a PE ratio of 21.27, a P/E/G ratio of 1.54 and a beta of 1.44. The stock’s 50 day moving average is $87.70 and its two-hundred day moving average is $77.58. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

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, topping 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%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on PYPL shares. Susquehanna increased their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and raised their price target for the company from $86.00 to $103.00 in a research note on Monday, December 9th. BMO Capital Markets upped their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their target price on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, Canaccord Genuity Group upped their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $89.48.

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.