Sigma Planning Corp Increases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sigma Planning Corp grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,178 shares of the credit services provider’s stock after purchasing an additional 1,442 shares during the quarter. Sigma Planning Corp’s holdings in PayPal were worth $1,210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Relyea Zuckerberg Hanson LLC lifted its stake in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of PayPal in the third quarter worth about $387,435,000. United Advisor Group LLC purchased a new stake in shares of PayPal in the third quarter worth about $810,000. FCG Investment Co bought a new position in PayPal during the third quarter valued at approximately $1,079,000. Finally, Equity Investment Corp grew its holdings in PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.4 %

NASDAQ:PYPL opened at $75.25 on Tuesday. The firm has a 50-day simple moving average of $84.86 and a 200-day simple moving average of $80.96. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The firm has a market cap of $74.44 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PYPL shares. Piper Sandler upped their price objective on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Barclays boosted their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, February 5th. Finally, Susquehanna boosted their price objective on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $90.52.

PayPal Company 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.