Revolve Wealth Partners LLC Acquires Shares of 2,910 PayPal Holdings, Inc. (NASDAQ:PYPL)

Revolve Wealth Partners LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,910 shares of the credit services provider’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PYPL. Relyea Zuckerberg Hanson LLC grew its position in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares in the last quarter. World Investment Advisors LLC bought a new position in PayPal during the 3rd quarter worth about $387,435,000. United Advisor Group LLC purchased a new position in PayPal during the 3rd quarter valued at about $810,000. FCG Investment Co bought a new stake in shares of PayPal in the 3rd quarter valued at about $1,079,000. Finally, Equity Investment Corp lifted its position in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ:PYPL opened at $88.19 on Wednesday. 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 company has a 50 day moving average price of $87.87 and a 200-day moving average price of $78.27. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The firm has a market cap of $88.41 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Monness Crespi & Hardt lifted their price target on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company upped their price objective on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Piper Sandler increased their price target on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Company 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.