PayPal Holdings, Inc. (NASDAQ:PYPL) Position Reduced by Cortland Associates Inc. MO

Cortland Associates Inc. MO trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 244,919 shares of the credit services provider’s stock after selling 9,586 shares during the period. PayPal accounts for 2.4% of Cortland Associates Inc. MO’s portfolio, making the stock its 16th biggest position. Cortland Associates Inc. MO’s holdings in PayPal were worth $20,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton grew 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 worth $26,000 after purchasing an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its position in PayPal by 344.3% during the 4th 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. Planning Capital Management Corp lifted its position in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Finally, Financial Management Professionals Inc. raised its position in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Canaccord Genuity Group raised their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their price target on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted 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. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Fourteen research 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.48.

PayPal Trading Up 0.6 %

PayPal stock opened at $88.76 on Thursday. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The business’s fifty day moving average is $87.96 and its 200 day moving average is $78.46. The stock has a market capitalization of $88.99 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data 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 the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 4.58 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.