Chicago Capital LLC Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Chicago Capital LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 34.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,853 shares of the credit services provider’s stock after buying an additional 9,512 shares during the period. Chicago Capital LLC’s holdings in PayPal were worth $3,145,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PYPL. Algert Global LLC purchased a new stake in shares of PayPal during the 2nd quarter worth approximately $435,000. Czech National Bank boosted its holdings in PayPal by 4.5% in the 3rd quarter. Czech National Bank now owns 208,260 shares of the credit services provider’s stock worth $16,251,000 after buying an additional 8,925 shares during the period. Park Avenue Securities LLC boosted its holdings in PayPal by 30.5% in the 3rd quarter. Park Avenue Securities LLC now owns 29,346 shares of the credit services provider’s stock worth $2,290,000 after buying an additional 6,859 shares during the period. Harbor Investment Advisory LLC boosted its holdings in PayPal by 8.6% in the 3rd quarter. Harbor Investment Advisory LLC now owns 14,807 shares of the credit services provider’s stock worth $1,155,000 after buying an additional 1,169 shares during the period. Finally, Burns J W & Co. Inc. NY bought a new position in PayPal in the 3rd quarter worth approximately $211,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $88.58 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $88.80 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.49 and a beta of 1.44. The business has a fifty day simple moving average of $88.16 and a two-hundred day simple moving average of $78.93. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66.

Analyst Upgrades and Downgrades

Several brokerages have commented on PYPL. Piper Sandler raised their price target on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. BMO Capital Markets increased their target price on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Mizuho lifted their price target on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Canaccord Genuity Group increased their price objective on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.48.

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.