Forza Wealth Management LLC Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Forza Wealth Management LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,822 shares of the credit services provider’s stock after buying an additional 317 shares during the period. Forza Wealth Management LLC’s holdings in PayPal were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PYPL. World Investment Advisors LLC purchased a new stake in PayPal in the third quarter valued at $387,435,000. United Advisor Group LLC acquired a new position in PayPal in the third quarter valued at approximately $810,000. FCG Investment Co purchased a new stake in PayPal in the 3rd quarter worth approximately $1,079,000. Equity Investment Corp grew its stake in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the period. Finally, Weil Company Inc. lifted its stake in shares of PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 17,003 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 0.1 %

NASDAQ PYPL traded up $0.11 during mid-day trading on Monday, reaching $83.47. 4,470,845 shares of the company’s stock traded hands, compared to its average volume of 7,048,022. The company has a fifty day simple moving average of $86.64 and a 200-day simple moving average of $75.92. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The company has a market cap of $83.68 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 1.66 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted 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 firm 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 quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PYPL shares. Susquehanna boosted their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Morgan Stanley boosted their price objective on PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Wells Fargo & Company boosted their price target on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Phillip Securities restated an “accumulate” rating and set a $90.00 price objective (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Finally, Macquarie increased their price target on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.65.

About PayPal

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.