Fulcrum Capital LLC Has $4.55 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fulcrum Capital LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 53,303 shares of the credit services provider’s stock after selling 2,078 shares during the period. Fulcrum Capital LLC’s holdings in PayPal were worth $4,549,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale grew its stake in shares of PayPal by 3.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 584,727 shares of the credit services provider’s stock worth $34,312,000 after acquiring an additional 17,231 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in shares of PayPal by 44.2% during the 2nd quarter. Meeder Advisory Services Inc. now owns 12,120 shares of the credit services provider’s stock worth $703,000 after acquiring an additional 3,715 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of PayPal by 10.6% during the 2nd quarter. Parallel Advisors LLC now owns 75,500 shares of the credit services provider’s stock worth $4,381,000 after acquiring an additional 7,255 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of PayPal by 523.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 24,217 shares of the credit services provider’s stock worth $1,405,000 after acquiring an additional 20,332 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of PayPal by 46.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 105,443 shares of the credit services provider’s stock valued at $6,119,000 after buying an additional 33,447 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PYPL. Susquehanna raised their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Macquarie raised their price target on PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $88.65.

PayPal Price Performance

PayPal stock traded up $0.18 during midday trading on Monday, reaching $83.54. The company’s stock had a trading volume of 4,769,176 shares, compared to its average volume of 7,088,719. The stock has a market cap of $83.75 billion, a PE ratio of 19.94, 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. The business has a 50-day moving average price of $86.64 and a 200-day moving average price of $75.92. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

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.