Roberts Wealth Advisors LLC Boosts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Roberts Wealth Advisors LLC lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,973 shares of the credit services provider’s stock after acquiring an additional 933 shares during the quarter. PayPal accounts for about 1.3% of Roberts Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Roberts Wealth Advisors LLC’s holdings in PayPal were worth $4,121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal during the third quarter valued at about $26,000. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC increased its holdings in PayPal by 344.3% during the 4th 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 during the period. Planning Capital Management Corp lifted its stake in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the period. 68.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PYPL. Citigroup increased their price objective on PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Canaccord Genuity Group lifted their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Phillip Securities restated an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. UBS Group raised their target price on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler reissued a “neutral” rating and issued a $88.00 price target on shares of PayPal in a research note on Friday, November 22nd. Fourteen equities 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.32.

PayPal Trading Down 2.2 %

PYPL opened at $89.77 on Wednesday. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $87.50 and a two-hundred day simple moving average of $77.20. The firm has a market capitalization of $90.00 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.57 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. Analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current 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.