Diversified Trust Co Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Diversified Trust Co grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,813 shares of the credit services provider’s stock after purchasing an additional 298 shares during the quarter. Diversified Trust Co’s holdings in PayPal were worth $1,520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PYPL. Bangor Savings Bank raised its stake in PayPal by 1,918.1% in the fourth quarter. Bangor Savings Bank now owns 11,281 shares of the credit services provider’s stock valued at $963,000 after buying an additional 10,722 shares during the last quarter. Fortem Financial Group LLC raised its position in shares of PayPal by 28.0% in the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock valued at $2,842,000 after purchasing an additional 7,291 shares during the last quarter. Doliver Advisors LP raised its position in shares of PayPal by 3.4% in the 4th quarter. Doliver Advisors LP now owns 12,771 shares of the credit services provider’s stock valued at $1,090,000 after purchasing an additional 425 shares during the last quarter. Iowa State Bank grew its position in PayPal by 3.8% during the 4th quarter. Iowa State Bank now owns 29,612 shares of the credit services provider’s stock worth $2,527,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Modus Advisors LLC acquired a new position in PayPal during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PYPL. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a report on Friday, December 13th. Monness Crespi & Hardt raised their price objective on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Piper Sandler reiterated a “neutral” rating and issued a $88.00 target price on shares of PayPal in a research report on Friday, November 22nd. Oppenheimer started coverage on shares of PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods upped 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. Fourteen 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. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $88.65.

PayPal Price Performance

Shares of PayPal stock opened at $87.94 on Thursday. 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 business has a 50 day simple moving average of $86.34 and a two-hundred day simple moving average of $75.43. The stock has a market capitalization of $88.16 billion, a P/E ratio of 20.99, a PEG ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company 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%. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

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.