Marshall & Sullivan Inc. WA Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Marshall & Sullivan Inc. WA increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,338 shares of the credit services provider’s stock after purchasing an additional 2,773 shares during the period. PayPal makes up about 1.3% of Marshall & Sullivan Inc. WA’s investment portfolio, making the stock its 29th largest position. Marshall & Sullivan Inc. WA’s holdings in PayPal were worth $2,760,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Claro Advisors LLC raised its holdings in PayPal by 4.4% during the 4th quarter. Claro Advisors LLC now owns 9,129 shares of the credit services provider’s stock valued at $779,000 after buying an additional 385 shares during the period. Forza Wealth Management LLC raised its stake in shares of PayPal by 7.0% in the fourth quarter. Forza Wealth Management LLC now owns 4,822 shares of the credit services provider’s stock valued at $412,000 after acquiring an additional 317 shares during the period. Cooper Financial Group lifted its holdings in shares of PayPal by 21.9% in the 4th quarter. Cooper Financial Group now owns 22,119 shares of the credit services provider’s stock worth $1,888,000 after acquiring an additional 3,971 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of PayPal by 9.1% during the 4th quarter. Wedmont Private Capital now owns 5,972 shares of the credit services provider’s stock worth $498,000 after purchasing an additional 498 shares during the period. Finally, CHICAGO TRUST Co NA boosted its stake in shares of PayPal by 13.9% during the 4th quarter. CHICAGO TRUST Co NA now owns 3,693 shares of the credit services provider’s stock worth $315,000 after purchasing an additional 452 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL stock traded up $0.21 during trading hours on Monday, reaching $83.57. The company had a trading volume of 5,156,939 shares, compared to its average volume of 7,134,500. 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 $83.78 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.66 and a beta of 1.44. The stock has a fifty day moving average of $86.64 and a 200-day moving average of $75.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the business posted $0.97 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analysts Set New Price Targets

PYPL has been the subject of several analyst reports. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. 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 note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Finally, Mizuho upped their price target on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Fourteen research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.65.

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.