Catalina Capital Group LLC Acquires 292 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Catalina Capital Group LLC grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,919 shares of the credit services provider’s stock after acquiring an additional 292 shares during the quarter. Catalina Capital Group LLC’s holdings in PayPal were worth $249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC grew its stake in shares of PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares during the last quarter. World Investment Advisors LLC bought a new stake in PayPal during the 3rd quarter worth $387,435,000. United Advisor Group LLC bought a new stake in PayPal during the 3rd quarter worth $810,000. FCG Investment Co acquired a new position in PayPal in the 3rd quarter worth about $1,079,000. Finally, Equity Investment Corp raised its position in PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Mizuho lifted their price target on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Stephens increased their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. BMO Capital Markets upped their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Citigroup raised 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. Fourteen 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.48.

PayPal Stock Performance

Shares of PYPL opened at $89.51 on Tuesday. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50 day moving average price of $88.16 and a two-hundred day moving average price of $79.05. The firm has a market capitalization of $89.74 billion, a P/E ratio of 21.36, a P/E/G ratio of 1.49 and a beta of 1.44.

PayPal Company 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.