MONECO Advisors LLC Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

MONECO Advisors LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,296 shares of the credit services provider’s stock, valued at approximately $1,732,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PYPL. Foundations Investment Advisors LLC raised its position in shares of PayPal by 11.0% during the third quarter. Foundations Investment Advisors LLC now owns 4,243 shares of the credit services provider’s stock worth $331,000 after purchasing an additional 421 shares during the period. International Assets Investment Management LLC raised its position in shares of PayPal by 9,864.9% during the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after purchasing an additional 1,108,030 shares during the period. Ballentine Partners LLC raised its position in shares of PayPal by 19.5% during the third quarter. Ballentine Partners LLC now owns 14,237 shares of the credit services provider’s stock worth $1,111,000 after purchasing an additional 2,320 shares during the period. Mediolanum International Funds Ltd raised its position in shares of PayPal by 4.1% during the third quarter. Mediolanum International Funds Ltd now owns 27,621 shares of the credit services provider’s stock worth $2,148,000 after purchasing an additional 1,092 shares during the period. Finally, Joel Isaacson & Co. LLC raised its position in shares of PayPal by 23.4% during the third quarter. Joel Isaacson & Co. LLC now owns 7,899 shares of the credit services provider’s stock worth $616,000 after purchasing an additional 1,500 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $74.95 on Friday. The business has a 50 day moving average price of $85.18 and a 200 day moving average price of $80.75. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a market cap of $74.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.27 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on PYPL. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Morgan Stanley reissued an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Canaccord Genuity Group upped their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Fourteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has an average rating of “Moderate Buy” and an average target price of $90.52.

About PayPal

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.