Ameliora Wealth Management Ltd. Invests $139,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ameliora Wealth Management Ltd. bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,625 shares of the credit services provider’s stock, valued at approximately $139,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PYPL. FMR LLC raised its position in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after buying an additional 7,767,072 shares during the last quarter. Mizuho Securities USA LLC lifted its position in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares during the period. Primecap Management Co. CA grew its position in PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after purchasing an additional 1,069,356 shares during the period. World Investment Advisors LLC purchased a new position in shares of PayPal during the 3rd quarter valued at about $387,435,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after buying an additional 2,689,162 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $78.57 on Friday. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The firm has a market cap of $78.77 billion, a P/E ratio of 18.75, a PEG ratio of 1.49 and a beta of 1.44. The stock’s 50 day moving average price is $87.87 and its 200 day moving average price is $79.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the company posted $1.48 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on PYPL. Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday. Susquehanna boosted their target price on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Finally, Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Fourteen research 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’s stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.29.

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.