2,567 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Acquired by Lansing Street Advisors

Lansing Street Advisors bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,567 shares of the credit services provider’s stock, valued at approximately $219,000.

A number of other large investors have also recently added to or reduced their stakes in PYPL. Relyea Zuckerberg Hanson LLC lifted its position in shares of PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after acquiring an additional 3,976 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of PayPal in the 3rd quarter valued at approximately $387,435,000. United Advisor Group LLC purchased a new stake in shares of PayPal in the 3rd quarter valued at approximately $810,000. FCG Investment Co purchased a new stake in shares of PayPal in the 3rd quarter valued at approximately $1,079,000. Finally, Equity Investment Corp lifted its position in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after acquiring an additional 67,497 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

NASDAQ:PYPL opened at $74.95 on Friday. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The firm’s fifty day simple moving average is $85.18 and its 200 day simple moving average is $80.75. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $74.14 billion, a PE ratio of 18.69, a PEG ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $1.48 EPS. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PYPL. Robert W. Baird reduced their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research report on Friday, December 13th. Keefe, Bruyette & Woods upped their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Monness Crespi & Hardt increased their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Fourteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.52.

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.