Perfromance Wealth Partners LLC Sells 1,508 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Perfromance Wealth Partners LLC trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,737 shares of the credit services provider’s stock after selling 1,508 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in PayPal were worth $746,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PYPL. Relyea Zuckerberg Hanson LLC boosted its stake 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 acquiring an additional 3,976 shares during the period. World Investment Advisors LLC bought a new position in shares of PayPal during the 3rd quarter worth approximately $387,435,000. United Advisor Group LLC bought a new position in shares of PayPal during the 3rd quarter worth approximately $810,000. FCG Investment Co bought a new position in shares of PayPal during the 3rd quarter worth approximately $1,079,000. Finally, Equity Investment Corp boosted its stake in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research reports. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. The Goldman Sachs Group lifted their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Piper Sandler reissued a “neutral” rating and set a $88.00 price target on shares of PayPal in a report on Friday, November 22nd. Finally, BMO Capital Markets lifted their price objective on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.32.

PayPal Trading Down 2.2 %

NASDAQ PYPL opened at $89.77 on Wednesday. The business’s 50-day moving average price is $87.50 and its two-hundred day moving average price is $77.20. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The firm has a market capitalization of $90.00 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.57 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.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results 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. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, analysts expect 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.