297,992 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 297,992 shares of the credit services provider’s stock, valued at approximately $25,434,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton increased 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 worth $26,000 after acquiring an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the third quarter valued at about $26,000. Sugarloaf Wealth Management LLC increased its position in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Planning Capital Management Corp raised its stake in shares of PayPal by 186.1% during 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. lifted its holdings in shares of PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 1.6 %

Shares of PYPL stock opened at $77.31 on Friday. 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 firm has a fifty day moving average of $87.71 and a 200-day moving average of $79.38. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The stock has a market cap of $76.48 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.49 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PYPL. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a report on Friday, December 13th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday. BMO Capital Markets raised their target price on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods upped their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.29.

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.