Allspring Global Investments Holdings LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,385 shares of the credit services provider's stock after selling 6,656 shares during the period. Allspring Global Investments Holdings LLC's holdings in PayPal were worth $9,685,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. Park Place Capital Corp raised its stake in PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after acquiring an additional 116 shares during the period. Rosenberg Matthew Hamilton grew its holdings in 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 buying an additional 125 shares in the last quarter. Wynn Capital LLC grew its holdings in PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after buying an additional 130 shares in the last quarter. Brave Asset Management Inc. grew its holdings in PayPal by 5.2% in the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider's stock valued at $241,000 after buying an additional 141 shares in the last quarter. Finally, Midwest Financial Group LLC grew its holdings in PayPal by 5.0% in the 4th quarter. Midwest Financial Group LLC now owns 3,139 shares of the credit services provider's stock valued at $268,000 after buying an additional 150 shares in the last quarter. Institutional investors own 68.32% of the company's stock.
PayPal Trading Down 3.5 %
Shares of PYPL stock traded down $2.68 during mid-day trading on Friday, reaching $74.95. 15,129,183 shares of the stock traded hands, compared to its average volume of 11,483,668. The stock's fifty day simple moving average is $85.50 and its two-hundred day simple moving average is $80.53. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a market cap of $74.14 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the firm posted $1.48 earnings per share. The business's revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have commented on PYPL. Morgan Stanley decreased their price objective on PayPal from $90.00 to $79.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Phillip Securities reissued an "accumulate" rating and set a $90.00 target price (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Finally, Canaccord Genuity Group raised their price target on PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.52.
Read Our Latest Stock Analysis on PYPL
About PayPal
(
Free Report)
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.
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