Albert D Mason Inc. Buys New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

Albert D Mason Inc. purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,161 shares of the credit services provider’s stock, valued at approximately $270,000.

Other large investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC grew its stake in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares during the period. FMR LLC boosted its holdings in shares of PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after buying an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of PayPal during the 3rd quarter worth approximately $387,435,000. Clearbridge Investments LLC increased its stake in shares of PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after acquiring an additional 1,866,925 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after acquiring an additional 1,108,030 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the subject of a number of research reports. Canaccord Genuity Group raised their price target on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and boosted their target price for the company from $86.00 to $103.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. increased their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Barclays increased their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.32.

PayPal Stock Up 3.3 %

PayPal stock opened at $91.81 on Friday. The firm has a 50 day moving average price of $87.23 and a 200-day moving average price of $76.49. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The company has a market capitalization of $92.04 billion, a P/E ratio of 21.91, a P/E/G ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. As a group, equities 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.