Heck Capital Advisors LLC Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

by · The Markets Daily

Heck Capital Advisors LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 4,657 shares of the credit services provider’s stock, valued at approximately $397,000.

A number of other institutional investors have also modified their holdings of the business. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC increased its position in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp increased its position in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. Finally, Financial Management Professionals Inc. boosted its holdings 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 valued at $34,000 after acquiring an additional 243 shares during the period. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PYPL. Citigroup lifted their price objective on shares of PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Keefe, Bruyette & Woods raised their target price on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Finally, UBS Group increased their price target on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Fourteen investment 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $89.48.

View Our Latest Analysis on PYPL

PayPal Stock Down 1.1 %

PYPL stock opened at $88.58 on Friday. The company’s 50 day simple moving average is $88.16 and its 200-day simple moving average is $78.81. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $88.80 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.49 and a beta of 1.44.

PayPal Profile

(Free Report)

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.

Further Reading