Donald L. Hagan LLC Has $2.11 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Donald L. Hagan LLC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,691 shares of the credit services provider’s stock after selling 945 shares during the quarter. PayPal comprises 1.1% of Donald L. Hagan LLC’s holdings, making the stock its 15th biggest position. Donald L. Hagan LLC’s holdings in PayPal were worth $2,107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton boosted its position in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position in PayPal by 344.3% during the 4th 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 during the last quarter. Planning Capital Management Corp boosted its position in PayPal by 186.1% during 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 position in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on PYPL. Wells Fargo & Company upped their price target on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Phillip Securities reissued an “accumulate” rating and issued a $90.00 price objective (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. BMO Capital Markets increased their price objective on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.48.

PayPal Stock Performance

NASDAQ:PYPL opened at $89.57 on Friday. The stock’s 50-day simple moving average is $88.04 and its 200 day simple moving average is $78.53. The firm has a market capitalization of $89.80 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.49 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 Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

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.