SYM FINANCIAL Corp Increases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

SYM FINANCIAL Corp boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,226 shares of the credit services provider’s stock after purchasing an additional 637 shares during the period. SYM FINANCIAL Corp’s holdings in PayPal were worth $361,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PYPL. Relyea Zuckerberg Hanson LLC increased its position in shares of PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after buying an additional 3,976 shares in the last quarter. World Investment Advisors LLC acquired a new stake in PayPal in the 3rd quarter valued at about $387,435,000. United Advisor Group LLC acquired a new stake in PayPal in the 3rd quarter valued at about $810,000. FCG Investment Co purchased a new position in PayPal during the 3rd quarter valued at about $1,079,000. Finally, Equity Investment Corp raised its position in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their target price on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Canaccord Genuity Group boosted their price target on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Stephens increased their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Monness Crespi & Hardt lifted their price objective on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.48.

PayPal Stock Performance

Shares of PYPL stock opened at $88.58 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $88.80 billion, a PE ratio of 21.14, a P/E/G ratio of 1.49 and a beta of 1.44. The company’s fifty day simple moving average is $88.16 and its 200-day simple moving average is $78.81. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66.

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.