Diversify Advisory Services LLC Decreases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Diversify Advisory Services LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,301 shares of the credit services provider's stock after selling 9,218 shares during the quarter. Diversify Advisory Services LLC's holdings in PayPal were worth $4,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of PYPL. Diversify Wealth Management LLC lifted its holdings in shares of PayPal by 82.1% in the 4th quarter. Diversify Wealth Management LLC now owns 47,864 shares of the credit services provider's stock valued at $3,990,000 after acquiring an additional 21,575 shares during the last quarter. Clarius Group LLC raised its position in PayPal by 15.7% during the fourth quarter. Clarius Group LLC now owns 5,035 shares of the credit services provider's stock valued at $430,000 after purchasing an additional 684 shares during the period. Aaron Wealth Advisors LLC lifted its stake in shares of PayPal by 10.7% in the 4th quarter. Aaron Wealth Advisors LLC now owns 5,216 shares of the credit services provider's stock valued at $445,000 after purchasing an additional 506 shares during the last quarter. Whitaker Myers Wealth Managers LTD. purchased a new position in shares of PayPal in the 4th quarter worth approximately $326,000. Finally, Moss Adams Wealth Advisors LLC bought a new position in shares of PayPal during the 4th quarter valued at approximately $232,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 3.3 %

NASDAQ:PYPL traded up $2.89 during midday trading on Monday, reaching $91.81. 16,468,435 shares of the stock traded hands, compared to its average volume of 6,562,702. The business has a 50-day moving average of $87.40 and a two-hundred day moving average of $76.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The stock has a market capitalization of $92.04 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping 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 firm had revenue of $7.85 billion during the quarter, compared to analysts' expectations of $7.88 billion. During the same quarter last year, the firm earned $0.97 EPS. The business's quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on PYPL. Mizuho lifted their price objective on shares of PayPal from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Canaccord Genuity Group lifted their price target on shares of PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Robert W. Baird increased their price objective on shares of PayPal from $80.00 to $91.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on PayPal from $75.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased 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 equities 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.