PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Cooper Financial Group

Cooper Financial Group boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,119 shares of the credit services provider’s stock after purchasing an additional 3,971 shares during the period. Cooper Financial Group’s holdings in PayPal were worth $1,888,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the 3rd quarter valued at about $26,000. SYSTM Wealth Solutions LLC lifted its stake in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its stake in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp lifted its stake in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Up 0.1 %

Shares of PayPal stock traded up $0.07 during trading hours on Monday, hitting $83.43. The company’s stock had a trading volume of 4,358,846 shares, compared to its average volume of 7,020,095. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The business has a fifty day moving average of $86.64 and a 200 day moving average of $75.92. The company has a market capitalization of $83.64 billion, a PE ratio of 19.91, a P/E/G 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 (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PYPL shares. BMO Capital Markets raised their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Phillip Securities restated an “accumulate” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Finally, Mizuho lifted their target price on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.65.

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.