Ameritas Advisory Services LLC Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ameritas Advisory Services LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 15.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,623 shares of the credit services provider's stock after selling 4,031 shares during the quarter. Ameritas Advisory Services LLC's holdings in PayPal were worth $1,931,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Rosenberg Matthew Hamilton raised its position 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 purchasing an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal during the third quarter worth approximately $26,000. Sugarloaf Wealth Management LLC raised its holdings in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 272 shares in the last quarter. Planning Capital Management Corp lifted its stake in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after acquiring an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. increased 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 purchasing an additional 243 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Price Performance

Shares of PYPL traded down $2.04 during mid-day trading on Tuesday, hitting $89.77. The company's stock had a trading volume of 12,610,230 shares, compared to its average volume of 8,863,548. 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 Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The firm has a market capitalization of $90.00 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.57 and a beta of 1.44. The firm has a 50-day simple moving average of $87.50 and a 200 day simple moving average of $77.20.

PayPal (NASDAQ:PYPL - Get Free Report) last released its 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 company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the company earned $0.97 earnings per share. PayPal's quarterly revenue was up 6.0% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PYPL shares. Barclays lifted their price objective on shares of PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. Stephens upped their price objective on PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Phillip Securities reissued an "accumulate" rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Keefe, Bruyette & Woods upped their price target on PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Finally, Morgan Stanley raised their price objective on shares of PayPal from $76.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Fourteen 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.32.

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.