Foster Victor Wealth Advisors LLC Decreases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Foster Victor Wealth Advisors LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,283 shares of the credit services provider’s stock after selling 3,533 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in PayPal were worth $7,004,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Algert Global LLC purchased a new stake in PayPal during the 2nd quarter worth approximately $435,000. Creative Planning boosted its stake in shares of PayPal by 3.4% in the second quarter. Creative Planning now owns 307,093 shares of the credit services provider’s stock worth $17,821,000 after acquiring an additional 10,034 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of PayPal by 14.0% during the second quarter. Sunbelt Securities Inc. now owns 20,334 shares of the credit services provider’s stock worth $1,180,000 after purchasing an additional 2,503 shares in the last quarter. EP Wealth Advisors LLC raised its stake in PayPal by 10.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 11,053 shares of the credit services provider’s stock valued at $641,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Greenvale Capital LLP lifted its holdings in PayPal by 24.4% in the 2nd quarter. Greenvale Capital LLP now owns 2,675,000 shares of the credit services provider’s stock valued at $155,230,000 after purchasing an additional 525,000 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Down 2.3 %

NASDAQ PYPL opened at $88.19 on Wednesday. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The firm has a 50 day moving average of $87.96 and a two-hundred day moving average of $78.46. The stock has a market capitalization of $88.41 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.54 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.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results 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. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PYPL. Phillip Securities reissued an “accumulate” rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Barclays raised their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Piper Sandler boosted their target price on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a report on Friday, December 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.48.

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.