1834 Investment Advisors Co. Has $492,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

1834 Investment Advisors Co. grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,768 shares of the credit services provider’s stock after buying an additional 225 shares during the period. 1834 Investment Advisors Co.’s holdings in PayPal were worth $492,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PYPL. Mizuho Securities USA LLC increased its stake in PayPal by 12,919.4% in 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 buying an additional 10,419,351 shares during the period. FMR LLC increased its stake in shares of PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of PayPal during the third quarter worth $387,435,000. Clearbridge Investments LLC raised its holdings 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 acquiring an additional 1,866,925 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in PayPal by 9,864.9% during 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 purchasing an additional 1,108,030 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Performance

NASDAQ:PYPL opened at $89.11 on Monday. The firm has a market capitalization of $89.34 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. 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 Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The firm has a 50-day moving average price of $87.76 and a 200 day moving average price of $77.92.

PayPal (NASDAQ:PYPL) last issued its 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 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. Research analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on PYPL. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Robert W. Baird lifted their price objective on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.48.

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.