SRN Advisors LLC Buys 4,100 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

SRN Advisors LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 35.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,782 shares of the credit services provider’s stock after purchasing an additional 4,100 shares during the quarter. PayPal accounts for approximately 1.2% of SRN Advisors LLC’s investment portfolio, making the stock its 23rd largest position. SRN Advisors LLC’s holdings in PayPal were worth $1,347,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal during the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton lifted its stake in PayPal by 67.6% during the fourth 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 boosted its holdings in shares of 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 purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp increased its stake in shares of PayPal by 186.1% in the 3rd 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, Legacy Investment Solutions LLC acquired a new position in shares of PayPal during the 3rd quarter worth $36,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $72.05 on Thursday. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The stock’s 50 day moving average is $84.25 and its 200-day moving average is $80.96. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $71.27 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.27 and a beta of 1.44.

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

Wall Street Analyst Weigh In

PYPL has been the topic of several research analyst reports. UBS Group raised their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a report on Friday, December 13th. Phillip Securities reissued an “accumulate” rating and issued a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Keefe, Bruyette & Woods raised their target price on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Fourteen equities research 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 MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $90.55.

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.