Beech Hill Advisors Inc. Lowers Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Beech Hill Advisors Inc. trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,650 shares of the credit services provider’s stock after selling 279 shares during the period. Beech Hill Advisors Inc.’s holdings in PayPal were worth $3,213,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal in the third quarter valued at $26,000. Rosenberg Matthew Hamilton increased its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. SYSTM Wealth Solutions LLC lifted its stake in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the period. Sugarloaf Wealth Management LLC boosted its holdings in PayPal by 344.3% during 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 in the last quarter. Finally, Planning Capital Management Corp grew its position in PayPal by 186.1% during 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. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Morgan Stanley raised their price target on PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group boosted their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a report on Friday, December 13th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.32.

PayPal Trading Up 0.5 %

Shares of PYPL stock traded up $0.44 on Thursday, reaching $90.08. 506,307 shares of the stock were exchanged, compared to its average volume of 7,174,473. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The stock has a market cap of $90.31 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $86.91 and a two-hundred day moving average of $76.31.

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