ORG Wealth Partners LLC Buys 1,157 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

ORG Wealth Partners LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 51.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,427 shares of the credit services provider’s stock after purchasing an additional 1,157 shares during the quarter. ORG Wealth Partners LLC’s holdings in PayPal were worth $292,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Hilltop National Bank lifted its stake in PayPal by 129.1% in the 4th quarter. Hilltop National Bank now owns 1,535 shares of the credit services provider’s stock valued at $131,000 after purchasing an additional 865 shares during the last quarter. A. D. Beadell Investment Counsel Inc. raised its stake in PayPal by 4.7% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 5,259 shares of the credit services provider’s stock valued at $448,000 after buying an additional 235 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of PayPal by 2.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 75,060 shares of the credit services provider’s stock worth $5,857,000 after acquiring an additional 1,523 shares during the period. Baker Tilly Wealth Management LLC increased its holdings in shares of PayPal by 6.5% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 4,936 shares of the credit services provider’s stock worth $421,000 after acquiring an additional 303 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in PayPal by 10.1% in the 4th quarter. Fulton Bank N.A. now owns 6,959 shares of the credit services provider’s stock valued at $594,000 after acquiring an additional 640 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Oppenheimer began coverage on shares of PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research report on Friday, December 13th. The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.65.

PayPal Price Performance

PayPal stock traded down $5.25 during midday trading on Friday, reaching $82.69. The company’s stock had a trading volume of 5,052,762 shares, compared to its average volume of 6,332,981. The stock has a market cap of $82.90 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.66 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 52 week low of $55.77 and a 52 week high of $93.66. The business has a 50-day moving average price of $86.51 and a 200-day moving average price of $75.52.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for 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 firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

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.