Iams Wealth Management LLC Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Iams Wealth Management LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,380 shares of the credit services provider’s stock, valued at approximately $715,000.

Several other institutional investors have also recently made changes to their positions in PYPL. Park Place Capital Corp grew its position in shares of PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after purchasing an additional 116 shares during the period. Bruce G. Allen Investments LLC raised its stake in PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 124 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Wynn Capital LLC raised its position in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after buying an additional 130 shares during the last quarter. Finally, Brave Asset Management Inc. lifted its stake in PayPal by 5.2% in the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after purchasing an additional 141 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Up 0.3 %

NASDAQ:PYPL opened at $88.49 on Wednesday. The business’s 50-day simple moving average is $87.96 and its 200 day simple moving average is $78.46. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The stock has a market cap of $88.72 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

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, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for 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 business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent research reports. UBS Group boosted their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted 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. Barclays boosted their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Susquehanna increased their target price on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Finally, Citigroup increased their price target on shares of PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.48.

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.