PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Trimmed by HBW Advisory Services LLC

HBW Advisory Services LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,174 shares of the credit services provider’s stock after selling 1,219 shares during the quarter. HBW Advisory Services LLC’s holdings in PayPal were worth $4,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bruce G. Allen Investments LLC grew its stake in PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 124 shares in the last quarter. First United Bank & Trust grew its stake in PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 145 shares in the last quarter. Ritholtz Wealth Management grew its stake in PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 152 shares in the last quarter. Laraway Financial Advisors Inc grew its stake in PayPal by 3.8% during the 3rd quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider’s stock valued at $330,000 after acquiring an additional 154 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC grew its stake in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 4.9 %

Shares of PYPL traded down $4.32 during trading hours on Friday, hitting $83.62. 7,793,287 shares of the stock traded hands, compared to its average volume of 6,895,483. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The firm has a market capitalization of $83.83 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The business has a fifty day moving average of $86.51 and a 200-day moving average of $75.52.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analyst Ratings Changes

PYPL has been the subject of several recent research reports. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Wells Fargo & Company boosted their price target on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Susquehanna boosted their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday. Oppenheimer initiated coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.65.

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.