Global Wealth Management Investment Advisory Inc. Purchases Shares of 27,020 PayPal Holdings, Inc. (NASDAQ:PYPL)

Global Wealth Management Investment Advisory Inc. bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 27,020 shares of the credit services provider's stock, valued at approximately $2,306,000.

A number of other large investors have also modified their holdings of the business. Bristlecone Advisors LLC grew its holdings in shares of PayPal by 17.4% during the fourth quarter. Bristlecone Advisors LLC now owns 50,124 shares of the credit services provider's stock worth $4,278,000 after buying an additional 7,420 shares in the last quarter. Soltis Investment Advisors LLC boosted its position in shares of PayPal by 10.3% during the 4th quarter. Soltis Investment Advisors LLC now owns 2,849 shares of the credit services provider's stock valued at $243,000 after acquiring an additional 267 shares during the last quarter. Elevate Capital Advisors LLC acquired a new position in shares of PayPal during the 4th quarter valued at about $1,930,000. Savant Capital LLC boosted its position in shares of PayPal by 147.0% during the 4th quarter. Savant Capital LLC now owns 54,072 shares of the credit services provider's stock valued at $4,615,000 after acquiring an additional 32,183 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in shares of PayPal by 15.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 66,474 shares of the credit services provider's stock valued at $5,674,000 after acquiring an additional 9,039 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Up 0.4 %

Shares of PYPL traded up $0.32 during mid-day trading on Thursday, hitting $76.59. 9,936,786 shares of the company's stock were exchanged, compared to its average volume of 11,556,843. The stock's 50-day moving average is $86.91 and its 200-day moving average is $80.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a market cap of $75.77 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. The business's quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the topic of several recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Tuesday, December 24th. JPMorgan Chase & Co. boosted their price target on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on shares of PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird lowered their price target on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $90.52.

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.