By otakuyassine3@gmail.com 
RDA Financial Network increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 27.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,682 shares of the credit services provider’s stock after acquiring an additional 800 shares during the period. RDA Financial Network’s holdings in PayPal were worth $314,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal during the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. SYSTM Wealth Solutions LLC increased its holdings in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Sugarloaf Wealth Management LLC raised its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Finally, Planning Capital Management Corp lifted its stake in PayPal by 186.1% in the third 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 last quarter. Institutional investors own 68.32% of the company’s stock.
PayPal Stock Performance
NASDAQ PYPL opened at $91.81 on Friday. The firm’s 50 day simple moving average is $87.23 and its 200 day simple moving average is $76.49. The firm has a market capitalization of $92.04 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.42 and a beta of 1.44. 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 1 year low of $55.77 and a 1 year high of $93.66.
PayPal (NASDAQ:PYPL – Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating 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 firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the business posted $0.97 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on PYPL. Monness Crespi & Hardt upped their target price on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Canaccord Genuity Group upped their price objective on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler reiterated a “neutral” rating and set a $88.00 target price on shares of PayPal in a research note on Friday, November 22nd. The Goldman Sachs Group increased their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.32.
Read Our Latest Analysis on PYPL
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.
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