BankPlus Wealth Management LLC Invests $262,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

BankPlus Wealth Management LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,069 shares of the credit services provider’s stock, valued at approximately $262,000.

Other large investors have also recently added to or reduced their stakes in the company. Lebenthal Global Advisors LLC lifted its holdings in PayPal by 309.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 19,807 shares of the credit services provider’s stock worth $1,691,000 after purchasing an additional 14,965 shares during the period. Foundations Investment Advisors LLC raised its holdings in PayPal by 4.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 4,431 shares of the credit services provider’s stock worth $378,000 after buying an additional 188 shares during the period. Parsons Capital Management Inc. RI boosted its stake in PayPal by 229.5% in the 4th quarter. Parsons Capital Management Inc. RI now owns 21,543 shares of the credit services provider’s stock worth $1,839,000 after purchasing an additional 15,004 shares during the period. Pacer Advisors Inc. raised its position in PayPal by 3.3% during the fourth quarter. Pacer Advisors Inc. now owns 130,154 shares of the credit services provider’s stock valued at $11,109,000 after buying an additional 4,117 shares during the period. Finally, United Asset Strategies Inc. lifted its position in shares of PayPal by 9.9% in the fourth quarter. United Asset Strategies Inc. now owns 42,803 shares of the credit services provider’s stock worth $3,653,000 after purchasing an additional 3,856 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PYPL has been the subject of several recent research reports. Susquehanna boosted their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Monness Crespi & Hardt raised their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a report on Friday, December 13th. Oppenheimer initiated coverage on shares of PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average price target of $89.48.

PayPal Price Performance

Shares of PayPal stock opened at $90.24 on Tuesday. The stock has a 50 day moving average of $87.76 and a 200 day moving average of $78.05. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market cap of $90.47 billion, a PE ratio of 21.54, a PEG ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.97 EPS. On average, research analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

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.