Modus Advisors LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 117.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,874 shares of the credit services provider’s stock after acquiring an additional 1,014 shares during the quarter. Modus Advisors LLC’s holdings in PayPal were worth $455,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Charter Oak Capital Management LLC acquired a new stake in PayPal in the fourth quarter valued at $26,000. JFS Wealth Advisors LLC lifted its stake in PayPal by 646.7% in the fourth quarter. JFS Wealth Advisors LLC now owns 112 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 97 shares during the last quarter. RWM Asset Management LLC acquired a new stake in PayPal in the fourth quarter valued at $27,000. Vantage Consulting Group Inc acquired a new stake in PayPal in the fourth quarter valued at $29,000. Finally, Advisory Alpha LLC acquired a new stake in PayPal in the third quarter valued at $25,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.
A number of research firms have recently issued reports on PYPL. Compass Point restated a “buy” rating and set a $220.00 target price on shares of PayPal in a research note on Friday, December 11th. Atlantic Securities cut shares of PayPal from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 16th. Susquehanna raised their target price on shares of PayPal from $300.00 to $330.00 and gave the stock a “positive” rating in a research note on Friday, February 12th. Keefe, Bruyette & Woods raised their target price on shares of PayPal from $290.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, February 12th. Finally, Wells Fargo & Company raised their target price on shares of PayPal from $215.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, February 4th. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $274.68.
Shares of PayPal stock traded up $5.18 during midday trading on Thursday, hitting $260.78. 182,973 shares of the company traded hands, compared to its average volume of 9,520,450. The stock has a market cap of $305.42 billion, a price-to-earnings ratio of 96.45, a PEG ratio of 3.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s fifty day moving average price is $253.26 and its 200-day moving average price is $228.13. PayPal Holdings, Inc. has a 12 month low of $100.75 and a 12 month high of $309.14.
PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, February 3rd. The credit services provider reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.08. PayPal had a net margin of 15.48% and a return on equity of 18.31%. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the previous year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 2.8 earnings per share for the current year.
PayPal Company Profile
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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