Catalina Capital Group LLC Buys 292 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Catalina Capital Group LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,919 shares of the credit services provider’s stock after buying an additional 292 shares during the period. Catalina Capital Group LLC’s holdings in PayPal were worth $249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Rosenberg Matthew Hamilton boosted its holdings 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 in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the third quarter valued at approximately $26,000. Sugarloaf Wealth Management LLC raised its stake in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Planning Capital Management Corp lifted its holdings 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 acquiring an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its stake 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 valued at $34,000 after purchasing an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. increased their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Mizuho lifted their price target on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. The Goldman Sachs Group raised their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Macquarie upped their price target on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $89.48.

PayPal Stock Performance

Shares of PYPL stock opened at $89.51 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $89.74 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The company’s 50-day moving average is $88.16 and its 200 day moving average is $79.05.

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.