Thurston Springer Miller Herd & Titak Inc. Acquires 1,188 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 226.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,713 shares of the credit services provider’s stock after purchasing an additional 1,188 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in PayPal were worth $146,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton lifted its position in 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. SYSTM Wealth Solutions LLC boosted 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 during the period. Sugarloaf Wealth Management LLC increased its holdings in PayPal by 344.3% during 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. Finally, Planning Capital Management Corp raised its stake in shares of 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. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ PYPL opened at $88.92 on Friday. The firm has a 50-day moving average price of $87.08 and a two-hundred day moving average price of $76.40. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The company has a market capitalization of $89.15 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.42 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 issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. Analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PYPL. Robert W. Baird upped their price objective on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Oppenheimer started coverage on shares of PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Citigroup boosted their price objective on shares of PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday. Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 target price (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Finally, Morgan Stanley boosted their price target on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Fourteen investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.32.

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.