Fortem Financial Group LLC Increases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fortem Financial Group LLC raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,302 shares of the credit services provider’s stock after buying an additional 7,291 shares during the quarter. PayPal comprises 1.1% of Fortem Financial Group LLC’s investment portfolio, making the stock its 25th largest position. Fortem Financial Group LLC’s holdings in PayPal were worth $2,842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. World Investment Advisors LLC purchased a new stake in shares of PayPal in the 3rd quarter worth about $387,435,000. United Advisor Group LLC bought a new stake in PayPal during the 3rd quarter valued at approximately $810,000. FCG Investment Co bought a new position in shares of PayPal in the 3rd quarter worth approximately $1,079,000. Equity Investment Corp lifted its stake in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares during the period. Finally, Weil Company Inc. boosted its position in shares of PayPal by 68.9% during the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 17,003 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL stock traded up $1.74 on Monday, hitting $89.34. 5,337,009 shares of the stock traded hands, compared to its average volume of 5,829,405. The firm has a 50 day simple moving average of $85.87 and a two-hundred day simple moving average of $74.94. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The firm has a market cap of $89.57 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on PYPL. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their price objective on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Morgan Stanley upped their price target on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Monness Crespi & Hardt raised their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.65.

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.