Golden State Wealth Management LLC Invests $76,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Golden State Wealth Management LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, Holdings Channel reports. The fund acquired 896 shares of the credit services provider’s stock, valued at approximately $76,000.

A number of other large investors have also recently added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the third quarter valued at $26,000. Rosenberg Matthew Hamilton increased its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp lifted its position in 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 buying an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $78.24 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The firm has a market capitalization of $77.40 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.29 and a beta of 1.44. The company’s fifty day moving average price is $87.52 and its 200 day moving average price is $79.79.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the topic of a number of research analyst reports. Phillip Securities reissued an “accumulate” rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Keefe, Bruyette & Woods upped their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research report on Friday, December 13th. Citigroup boosted their price objective on PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.52.

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.