Chicago Capital LLC Purchases 9,512 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Chicago Capital LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 34.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 36,853 shares of the credit services provider’s stock after buying an additional 9,512 shares during the period. Chicago Capital LLC’s holdings in PayPal were worth $3,145,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PYPL. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal in the 3rd quarter worth $26,000. Sugarloaf Wealth Management LLC boosted its position in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Planning Capital Management Corp boosted its position in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its position in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

PYPL stock opened at $88.58 on Monday. The stock has a market capitalization of $88.80 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The company’s 50-day moving average is $88.16 and its 200-day moving average is $78.93. 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 1 year low of $55.77 and a 1 year high of $93.66.

Analysts Set New Price Targets

Several analysts recently commented on the company. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Citigroup lifted their target price on PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Mizuho lifted their target price on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Monness Crespi & Hardt lifted their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.48.

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.