Aspire Private Capital LLC Purchases 371 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Aspire Private Capital LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,885 shares of the credit services provider’s stock after purchasing an additional 371 shares during the quarter. Aspire Private Capital LLC’s holdings in PayPal were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. boosted its position in shares of PayPal by 29.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 23,112 shares of the credit services provider’s stock valued at $1,341,000 after purchasing an additional 5,251 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of PayPal by 14.3% during the 2nd quarter. AE Wealth Management LLC now owns 27,523 shares of the credit services provider’s stock valued at $1,597,000 after buying an additional 3,448 shares in the last quarter. Pacer Advisors Inc. increased its stake in PayPal by 2.5% in the 2nd quarter. Pacer Advisors Inc. now owns 128,170 shares of the credit services provider’s stock worth $7,438,000 after buying an additional 3,130 shares in the last quarter. Sei Investments Co. boosted its stake in PayPal by 35.4% during the second quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock valued at $8,545,000 after buying an additional 38,488 shares during the last quarter. Finally, Frank Rimerman Advisors LLC lifted its position in PayPal by 20,552.6% during the second quarter. Frank Rimerman Advisors LLC now owns 11,772 shares of the credit services provider’s stock valued at $683,000 after purchasing an additional 11,715 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PYPL. Susquehanna boosted their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Barclays boosted their target price on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Morgan Stanley raised their target price on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research note on Friday, December 13th. Finally, Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.32.

PayPal Price Performance

Shares of PYPL opened at $89.77 on Wednesday. The stock’s fifty day moving average is $87.50 and its 200-day moving average is $77.20. The firm has a market capitalization of $90.00 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. 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 Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last posted 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. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

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.