Blue Trust Inc. Has $242,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Blue Trust Inc. reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 62.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,832 shares of the credit services provider's stock after selling 4,775 shares during the quarter. Blue Trust Inc.'s holdings in PayPal were worth $242,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Roman Butler Fullerton & Co. grew its stake in shares of PayPal by 1.7% in the fourth quarter. Roman Butler Fullerton & Co. now owns 9,438 shares of the credit services provider's stock valued at $852,000 after buying an additional 154 shares in the last quarter. Autumn Glory Partners LLC acquired a new stake in PayPal during the 4th quarter valued at $341,000. Asset Planning Inc acquired a new stake in PayPal during the 4th quarter valued at $46,000. Root Financial Partners LLC acquired a new stake in PayPal during the 4th quarter valued at $208,000. Finally, Catalyst Financial Partners LLC lifted its holdings in PayPal by 9.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,618 shares of the credit services provider's stock valued at $309,000 after purchasing an additional 300 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 3.1 %

PYPL traded down $2.39 during trading on Friday, hitting $75.24. The company's stock had a trading volume of 9,014,711 shares, compared to its average volume of 11,284,252. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock's fifty day moving average price is $85.50 and its 200-day moving average price is $80.53. The firm has a market capitalization of $74.43 billion, a P/E ratio of 18.76, a PEG ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $1.48 earnings per share. The company's revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

PYPL has been the subject of several research reports. Macquarie raised their price target on PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Citigroup lifted their target price on PayPal from $97.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Robert W. Baird dropped their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Susquehanna lifted their target price on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a report on Monday, January 6th. Finally, Morgan Stanley dropped their target price on PayPal from $90.00 to $79.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $90.52.

About PayPal

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.