Sharp Financial Services LLC Has $416,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sharp Financial Services LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,875 shares of the credit services provider’s stock after buying an additional 350 shares during the period. Sharp Financial Services LLC’s holdings in PayPal were worth $416,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Mizuho Securities USA LLC raised its holdings in PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares during the period. FMR LLC raised its holdings in PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. World Investment Advisors LLC acquired a new stake in PayPal in the third quarter worth $387,435,000. Clearbridge Investments LLC raised its holdings in PayPal by 28.1% in the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after purchasing an additional 1,866,925 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after purchasing an additional 1,108,030 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL opened at $89.85 on Thursday. The firm has a 50-day moving average of $87.57 and a 200-day moving average of $77.41. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The company has a market cap of $90.08 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.54 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 announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on PYPL shares. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a report on Friday, December 13th. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Macquarie increased their target price on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Monness Crespi & Hardt increased their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, UBS Group increased their price objective on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.32.

PayPal Company 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.