Catalyst Financial Partners LLC Invests $259,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Catalyst Financial Partners LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,318 shares of the credit services provider’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in shares of PayPal by 18.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock worth $15,686,000 after acquiring an additional 36,994 shares in the last quarter. Norden Group LLC increased its holdings in PayPal by 197.3% in the first quarter. Norden Group LLC now owns 82,620 shares of the credit services provider’s stock worth $5,535,000 after purchasing an additional 54,832 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in PayPal by 23.3% in the first quarter. First Trust Direct Indexing L.P. now owns 23,463 shares of the credit services provider’s stock valued at $1,572,000 after buying an additional 4,434 shares during the period. Van ECK Associates Corp boosted its holdings in shares of PayPal by 33.8% during the 1st quarter. Van ECK Associates Corp now owns 77,308 shares of the credit services provider’s stock worth $5,179,000 after buying an additional 19,510 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in shares of PayPal by 14.2% during the 1st quarter. Private Advisor Group LLC now owns 168,866 shares of the credit services provider’s stock worth $11,312,000 after buying an additional 21,047 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Up 1.4 %

PayPal stock opened at $79.30 on Friday. The firm has a 50 day simple moving average of $76.39 and a 200 day simple moving average of $67.56. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 1-year low of $50.80 and a 1-year high of $83.70. The firm has a market capitalization of $79.50 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.40 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.12. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post 4.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Macquarie increased their target price on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday. Monness Crespi & Hardt raised their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday. Canaccord Genuity Group increased their price target on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group boosted their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Mizuho upped their target price on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Seventeen investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.03.

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.