Iams Wealth Management LLC Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Iams Wealth Management LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, Holdings Channel reports. The fund bought 8,380 shares of the credit services provider’s stock, valued at approximately $715,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in shares of PayPal by 19.8% during the fourth quarter. Hantz Financial Services Inc. now owns 41,612 shares of the credit services provider’s stock worth $3,552,000 after acquiring an additional 6,883 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in shares of PayPal during the 4th quarter worth about $5,660,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after buying an additional 2,689,162 shares during the last quarter. Fulton Breakefield Broenniman LLC grew its stake in shares of PayPal by 5.7% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 3,140 shares of the credit services provider’s stock valued at $268,000 after buying an additional 170 shares in the last quarter. Finally, Falcon Wealth Planning grew its stake in shares of PayPal by 65.4% in the 4th quarter. Falcon Wealth Planning now owns 6,081 shares of the credit services provider’s stock valued at $519,000 after buying an additional 2,404 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PYPL shares. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Phillip Securities reiterated an “accumulate” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Macquarie upped their target price on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Finally, Mizuho raised their target price on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.48.

PayPal Price Performance

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

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business 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%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

PayPal 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.