Quotient Wealth Partners LLC Acquires 562 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Quotient Wealth Partners LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,192 shares of the credit services provider’s stock after buying an additional 562 shares during the period. Quotient Wealth Partners LLC’s holdings in PayPal were worth $358,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PYPL. Wedmont Private Capital raised its holdings in PayPal by 39.0% during the 3rd quarter. Wedmont Private Capital now owns 5,474 shares of the credit services provider’s stock valued at $439,000 after buying an additional 1,535 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of PayPal by 2.2% in the third quarter. Valeo Financial Advisors LLC now owns 40,938 shares of the credit services provider’s stock valued at $3,194,000 after acquiring an additional 869 shares during the period. Octavia Wealth Advisors LLC bought a new stake in shares of PayPal in the 3rd quarter worth about $206,000. Ritholtz Wealth Management boosted its stake in shares of PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 152 shares during the period. Finally, Carnegie Investment Counsel grew its holdings in PayPal by 14.4% during the 3rd quarter. Carnegie Investment Counsel now owns 219,889 shares of the credit services provider’s stock valued at $17,158,000 after purchasing an additional 27,705 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PYPL stock opened at $77.31 on Monday. The stock has a market capitalization of $76.48 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.29 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The company’s 50-day simple moving average is $87.52 and its 200-day simple moving average is $79.63. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 earnings per share. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stephens upped their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Susquehanna lifted their target price on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Finally, StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Thirteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.45.

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.