PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by F&V Capital Management LLC

F&V Capital Management LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,875 shares of the credit services provider’s stock after buying an additional 3,735 shares during the period. PayPal makes up about 5.1% of F&V Capital Management LLC’s holdings, making the stock its 3rd biggest position. F&V Capital Management LLC’s holdings in PayPal were worth $19,364,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the 3rd quarter valued at approximately $26,000. Rosenberg Matthew Hamilton increased its holdings in PayPal by 67.6% during 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. Sugarloaf Wealth Management LLC raised its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Planning Capital Management Corp grew its position in shares of PayPal by 186.1% in the third 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 last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of PayPal by 125.3% during 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. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

PYPL stock opened at $89.51 on Tuesday. 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 stock’s 50 day simple moving average is $88.16 and its 200 day simple moving average is $79.05. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The firm has a market cap of $89.74 billion, a P/E ratio of 21.36, a P/E/G ratio of 1.49 and a beta of 1.44.

Analysts Set New Price Targets

Several equities analysts have weighed in on PYPL shares. Citigroup raised their price target on PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Stephens boosted their price target on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Monness Crespi & Hardt raised their price target on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Fourteen equities research 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.48.

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.