Aspire Private Capital LLC Has $246,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Aspire Private Capital LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,885 shares of the credit services provider’s stock after buying an additional 371 shares during the quarter. Aspire Private Capital LLC’s holdings in PayPal were worth $246,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PYPL. Relyea Zuckerberg Hanson LLC increased its stake in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after purchasing an additional 3,976 shares during the last quarter. World Investment Advisors LLC bought a new position in PayPal during the third quarter worth about $387,435,000. United Advisor Group LLC acquired a new position in PayPal during the third quarter worth approximately $810,000. FCG Investment Co bought a new stake in PayPal in the third quarter valued at approximately $1,079,000. Finally, Equity Investment Corp lifted its position in shares of 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 buying an additional 67,497 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ PYPL opened at $89.77 on Wednesday. The firm’s fifty day moving average price is $87.50 and its two-hundred day moving average price is $77.20. The stock has a market cap of $90.00 billion, a PE ratio of 21.42, a PEG ratio of 1.57 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 Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Piper Sandler restated a “neutral” rating and set a $88.00 target price on shares of PayPal in a research note on Friday, November 22nd. Monness Crespi & Hardt upped their price target on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Canaccord Genuity Group raised their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.32.

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.