Friedenthal Financial Invests $55,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Friedenthal Financial acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 645 shares of the credit services provider’s stock, valued at approximately $55,000.

Several other large investors have also made changes to their positions in the business. World Investment Advisors LLC acquired a new position in shares of PayPal during the third quarter valued at approximately $387,435,000. United Advisor Group LLC acquired a new position in PayPal in the 3rd quarter valued at $810,000. FCG Investment Co purchased a new position in PayPal in the 3rd quarter valued at $1,079,000. Equity Investment Corp boosted its stake in PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the last quarter. Finally, Weil Company Inc. grew its holdings in shares of PayPal by 68.9% during the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after buying an additional 17,003 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Monness Crespi & Hardt boosted their price target on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Susquehanna boosted their target price on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Oppenheimer initiated coverage on PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Robert W. Baird raised their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.65.

PayPal Price Performance

PayPal stock opened at $83.99 on Tuesday. The company’s 50 day moving average is $86.75 and its two-hundred day moving average is $76.10. The firm has a market cap of $84.20 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.66 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 52-week low of $55.77 and a 52-week high of $93.66.

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

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.