DMC Group LLC Increases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

DMC Group LLC grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,793 shares of the credit services provider’s stock after purchasing an additional 737 shares during the quarter. DMC Group LLC’s holdings in PayPal were worth $665,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Algert Global LLC purchased a new stake in shares of PayPal in the 2nd quarter worth $435,000. EP Wealth Advisors LLC grew its holdings in PayPal by 10.8% during the second quarter. EP Wealth Advisors LLC now owns 11,053 shares of the credit services provider’s stock valued at $641,000 after purchasing an additional 1,075 shares during the period. KPP Advisory Services LLC increased its position in PayPal by 29.2% in the second quarter. KPP Advisory Services LLC now owns 5,821 shares of the credit services provider’s stock worth $338,000 after buying an additional 1,314 shares in the last quarter. Brown Financial Advisors purchased a new position in shares of PayPal during the 2nd quarter valued at about $1,454,000. Finally, Sanctuary Advisors LLC bought a new position in shares of PayPal during the 2nd quarter valued at approximately $9,517,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Stephens boosted their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods raised their target price on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.48.

PayPal Stock Up 0.6 %

Shares of NASDAQ PYPL opened at $88.76 on Thursday. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The stock’s fifty day simple moving average is $87.96 and its two-hundred day simple moving average is $78.46. The stock has a market capitalization of $88.99 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

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, beating analysts’ consensus estimates of $1.07 by $0.13. The company 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 firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. As a group, analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

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.