Boston Common Asset Management LLC Sells 23,939 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Boston Common Asset Management LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,748 shares of the credit services provider's stock after selling 23,939 shares during the quarter. Boston Common Asset Management LLC's holdings in PayPal were worth $7,575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal during the third quarter worth about $26,000. Rosenberg Matthew Hamilton increased its holdings in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the last quarter. SYSTM Wealth Solutions LLC raised its position in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after acquiring an additional 167 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its stake 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 during the last quarter. Finally, Planning Capital Management Corp grew its position in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after acquiring an additional 268 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Mizuho boosted their target price on PayPal from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Keefe, Bruyette & Woods raised 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. Piper Sandler reaffirmed a "neutral" rating and set a $88.00 target price on shares of PayPal in a report on Friday, November 22nd. Finally, Robert W. Baird increased their price target on shares of PayPal from $80.00 to $91.00 and gave the company an "outperform" 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 given a strong buy rating to the company. Based on data from MarketBeat, PayPal currently has an average rating of "Moderate Buy" and a consensus price target of $89.32.

PayPal Price Performance

Shares of PYPL traded up $2.89 during trading hours on Friday, reaching $91.81. The stock had a trading volume of 16,468,435 shares, compared to its average volume of 6,562,702. The stock has a market capitalization of $92.04 billion, a PE ratio of 21.91, a PEG ratio of 1.42 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The company's 50-day moving average is $87.40 and its two-hundred day moving average is $76.72.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the company earned $0.97 earnings per share. The business's quarterly revenue was up 6.0% on a year-over-year basis. Research analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

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.