Howard Capital Management Inc. Buys 1,039 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Howard Capital Management Inc. increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,417 shares of the credit services provider’s stock after acquiring an additional 1,039 shares during the quarter. Howard Capital Management Inc.’s holdings in PayPal were worth $3,876,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal in the 3rd quarter valued at $26,000. 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 valued at $26,000 after acquiring an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC grew its position in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Planning Capital Management Corp grew its position in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Finally, Financial Management Professionals Inc. grew its position in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 3.5 %

Shares of NASDAQ PYPL opened at $74.95 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The stock has a market capitalization of $74.14 billion, a P/E ratio of 18.69, a PEG ratio of 1.27 and a beta of 1.44. The firm’s 50 day simple moving average is $85.18 and its two-hundred day simple moving average is $80.75.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the business earned $1.48 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on PYPL shares. Citigroup reissued an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Phillip Securities reissued an “accumulate” rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.52.

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.