Fiduciary Alliance LLC Buys 8,780 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Fiduciary Alliance LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,330 shares of the credit services provider’s stock after buying an additional 8,780 shares during the quarter. PayPal makes up approximately 0.8% of Fiduciary Alliance LLC’s portfolio, making the stock its 27th largest holding. Fiduciary Alliance LLC’s holdings in PayPal were worth $8,307,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Aprio Wealth Management LLC bought a new position in PayPal during the fourth quarter worth about $226,000. Czech National Bank lifted its holdings in shares of PayPal by 4.4% in the fourth quarter. Czech National Bank now owns 217,371 shares of the credit services provider’s stock worth $18,553,000 after buying an additional 9,111 shares in the last quarter. Graypoint LLC lifted its holdings in shares of PayPal by 10.6% in the fourth quarter. Graypoint LLC now owns 5,380 shares of the credit services provider’s stock worth $459,000 after buying an additional 515 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares in the last quarter. Finally, ORG Wealth Partners LLC lifted its holdings in shares of PayPal by 51.0% in the fourth quarter. ORG Wealth Partners LLC now owns 3,427 shares of the credit services provider’s stock worth $292,000 after buying an additional 1,157 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 0.8 %

Shares of PayPal stock traded down $0.64 on Monday, hitting $82.72. The stock had a trading volume of 1,540,765 shares, compared to its average volume of 6,601,572. 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 one year low of $55.77 and a one year high of $93.66. The stock has a market cap of $82.93 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.66 and a beta of 1.44. The stock’s 50-day simple moving average is $86.64 and its two-hundred day simple moving average is $75.92.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.97 earnings per share. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PYPL. UBS Group increased their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased 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. Mizuho increased their price target on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. 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. According to data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $88.65.

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.