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

Fortem Financial Group LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,302 shares of the credit services provider's stock after purchasing an additional 7,291 shares during the period. PayPal makes up approximately 1.1% of Fortem Financial Group LLC's investment portfolio, making the stock its 25th biggest position. Fortem Financial Group LLC's holdings in PayPal were worth $2,842,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal in the 3rd quarter valued at $26,000. SYSTM Wealth Solutions LLC grew its holdings in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after purchasing an additional 167 shares during the period. Planning Capital Management Corp increased its position in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after buying an additional 268 shares in the last quarter. Financial Management Professionals Inc. raised its position in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after purchasing an additional 243 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new position in shares of PayPal during the third quarter valued at about $36,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Trading Up 2.2 %

Shares of NASDAQ PYPL traded up $1.93 during mid-day trading on Monday, reaching $89.53. The company had a trading volume of 7,863,742 shares, compared to its average volume of 6,739,592. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The business's 50-day moving average is $85.87 and its 200-day moving average is $74.94. The stock has a market cap of $89.76 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Equities analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Susquehanna lifted their target price on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday. Wells Fargo & Company boosted their price objective on PayPal from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Morgan Stanley lifted their price target on PayPal from $76.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Oppenheimer began coverage on shares of PayPal in a research note on Tuesday, October 1st. They issued a "market perform" rating on the stock. Finally, StockNews.com upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research report on Tuesday, December 24th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PayPal has an average rating of "Moderate Buy" and a consensus target price 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.