Falcon Wealth Planning Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Falcon Wealth Planning lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 65.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,081 shares of the credit services provider’s stock after acquiring an additional 2,404 shares during the period. Falcon Wealth Planning’s holdings in PayPal were worth $519,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PYPL. Park Place Capital Corp lifted its position in PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after buying an additional 116 shares during the period. Bruce G. Allen Investments LLC grew its position in shares of PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after buying an additional 124 shares during the period. Rosenberg Matthew Hamilton increased its stake in shares of PayPal by 67.6% in 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 in the last quarter. Wynn Capital LLC lifted its position in PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after acquiring an additional 130 shares during the period. Finally, Brave Asset Management Inc. boosted its stake in PayPal by 5.2% during the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of several recent research reports. 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 note on Thursday, January 16th. BMO Capital Markets raised their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Robert W. Baird increased their price objective on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Fourteen 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. According to MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average price target of $89.48.

PayPal Stock Performance

Shares of PYPL opened at $88.19 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The business’s fifty day moving average price is $87.87 and its 200 day moving average price is $78.27. The stock has a market capitalization of $88.41 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued 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 firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.58 EPS for the current 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.