Catalyst Financial Partners LLC Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Catalyst Financial Partners LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.0% in the 4th quarter, HoldingsChannel reports. The firm owned 3,618 shares of the credit services provider’s stock after buying an additional 300 shares during the quarter. Catalyst Financial Partners LLC’s holdings in PayPal were worth $309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its position in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal in the 3rd quarter worth about $26,000. Sugarloaf Wealth Management LLC lifted its position in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Planning Capital Management Corp lifted its position in PayPal by 186.1% during the 3rd 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 during the period. Finally, Financial Management Professionals Inc. lifted its position in PayPal by 125.3% during 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 period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 1.8 %

Shares of PYPL stock opened at $77.97 on Friday. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The stock has a market cap of $77.13 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The company has a 50 day simple moving average of $86.66 and a two-hundred day simple moving average of $80.01.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 earnings per share. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PYPL shares. BMO Capital Markets lifted their price target on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group lifted their price target on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, February 5th. Robert W. Baird lowered their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Monness Crespi & Hardt lifted their price target on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Thirteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.52.

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.