HCR Wealth Advisors Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

HCR Wealth Advisors bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,794 shares of the credit services provider’s stock, valued at approximately $238,000.

Several other hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of PayPal by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock valued at $183,789,000 after buying an additional 409,322 shares during the period. Edgestream Partners L.P. bought a new position in PayPal during the second quarter worth $1,645,000. Axxcess Wealth Management LLC lifted its stake in shares of PayPal by 50.8% in the 2nd quarter. Axxcess Wealth Management LLC now owns 11,171 shares of the credit services provider’s stock valued at $648,000 after purchasing an additional 3,763 shares during the period. SYSTM Wealth Solutions LLC grew its stake in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the period. Finally, Argent Trust Co increased its holdings in PayPal by 1.5% in the second quarter. Argent Trust Co now owns 24,404 shares of the credit services provider’s stock worth $1,416,000 after purchasing an additional 369 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 0.8 %

PYPL stock opened at $88.92 on Friday. The stock has a 50-day simple moving average of $87.08 and a two-hundred day simple moving average of $76.40. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The firm has a market capitalization of $89.15 billion, a PE ratio of 21.22, a PEG ratio of 1.42 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the business earned $0.97 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. BMO Capital Markets raised their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Wolfe Research raised 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. Robert W. Baird boosted their price objective on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. 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. Finally, Stephens upped their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.32.

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.