Doliver Advisors LP Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Doliver Advisors LP increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,771 shares of the credit services provider’s stock after buying an additional 425 shares during the period. Doliver Advisors LP’s holdings in PayPal were worth $1,090,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its holdings in shares of PayPal by 15.4% in the 2nd quarter. Foundations Investment Advisors LLC now owns 3,822 shares of the credit services provider’s stock worth $222,000 after buying an additional 511 shares during the last quarter. Larson Financial Group LLC lifted its stake in PayPal by 49.1% during the second quarter. Larson Financial Group LLC now owns 2,855 shares of the credit services provider’s stock worth $166,000 after purchasing an additional 940 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of PayPal by 6.9% in the 2nd quarter. Private Advisor Group LLC now owns 180,470 shares of the credit services provider’s stock worth $10,473,000 after purchasing an additional 11,604 shares in the last quarter. Lake Street Advisors Group LLC raised its holdings in shares of PayPal by 3.3% during the 2nd quarter. Lake Street Advisors Group LLC now owns 12,293 shares of the credit services provider’s stock valued at $713,000 after buying an additional 392 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted its position in PayPal by 5.5% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 3,628 shares of the credit services provider’s stock worth $211,000 after buying an additional 189 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PYPL. The Goldman Sachs Group boosted their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Susquehanna upped their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Oppenheimer initiated coverage on PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Barclays lifted their price target on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.65.

PayPal Stock Up 1.8 %

Shares of NASDAQ:PYPL traded up $1.62 during trading on Monday, reaching $89.22. 4,765,517 shares of the stock traded hands, compared to its average volume of 5,641,140. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The stock has a market cap of $89.45 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The stock has a 50-day moving average of $85.87 and a two-hundred day moving average of $74.94. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. PayPal’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

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.