Revolve Wealth Partners LLC Invests $248,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Revolve Wealth Partners LLC bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,910 shares of the credit services provider’s stock, valued at approximately $248,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. increased its holdings in shares of PayPal by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 23,825 shares of the credit services provider’s stock worth $2,033,000 after purchasing an additional 155 shares in the last quarter. BankPlus Wealth Management LLC purchased a new position in shares of PayPal during the 4th quarter worth $262,000. Lebenthal Global Advisors LLC grew its position in shares of PayPal by 309.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 19,807 shares of the credit services provider’s stock valued at $1,691,000 after acquiring an additional 14,965 shares during the period. Foundations Investment Advisors LLC grew its holdings in PayPal by 4.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 4,431 shares of the credit services provider’s stock valued at $378,000 after purchasing an additional 188 shares during the period. Finally, Parsons Capital Management Inc. RI lifted its position in shares of PayPal by 229.5% during the 4th quarter. Parsons Capital Management Inc. RI now owns 21,543 shares of the credit services provider’s stock valued at $1,839,000 after buying an additional 15,004 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $88.19 on Wednesday. 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 Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a market capitalization of $88.41 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 1.54 and a beta of 1.44. The firm’s 50-day moving average is $87.87 and its 200 day moving average is $78.27.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on PYPL shares. Macquarie lifted their price target on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Robert W. Baird lifted their target price 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. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Mizuho boosted their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Citigroup increased their target price on PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Fourteen research 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.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.