PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Grimes & Company Inc.

Grimes & Company Inc. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,373 shares of the credit services provider’s stock after acquiring an additional 486 shares during the quarter. Grimes & Company Inc.’s holdings in PayPal were worth $12,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Linden Thomas Advisory Services LLC lifted its holdings in PayPal by 20.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,868 shares of the credit services provider’s stock worth $586,000 after buying an additional 1,189 shares in the last quarter. Fifth Third Bancorp lifted its holdings in PayPal by 303.3% in the 4th quarter. Fifth Third Bancorp now owns 157,602 shares of the credit services provider’s stock worth $13,451,000 after buying an additional 118,527 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in PayPal by 6.6% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 681,068 shares of the credit services provider’s stock worth $58,129,000 after buying an additional 41,980 shares in the last quarter. Midwest Financial Group LLC increased its position in shares of PayPal by 5.0% in the 4th quarter. Midwest Financial Group LLC now owns 3,139 shares of the credit services provider’s stock worth $268,000 after purchasing an additional 150 shares during the last quarter. Finally, CX Institutional increased its position in shares of PayPal by 8.2% in the 4th quarter. CX Institutional now owns 7,987 shares of the credit services provider’s stock worth $682,000 after purchasing an additional 602 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PYPL shares. Mizuho boosted their price objective on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and increased their target price for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Morgan Stanley upped their price target on shares of PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Wells Fargo & Company upped their price objective on shares of PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, UBS Group upped their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.48.

PayPal Price Performance

NASDAQ:PYPL opened at $89.11 on Friday. The company has a 50-day moving average of $87.76 and a 200-day moving average of $77.79. The company has a market capitalization of $89.34 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. 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 released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during 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%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

PayPal Company 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.