Empower Advisory Group LLC Sells 160,807 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Empower Advisory Group LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 951,362 shares of the credit services provider's stock after selling 160,807 shares during the period. Empower Advisory Group LLC owned about 0.09% of PayPal worth $81,199,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in PYPL. Relyea Zuckerberg Hanson LLC boosted its stake in shares of PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after purchasing an additional 3,976 shares during the period. World Investment Advisors LLC bought a new stake in PayPal during the 3rd quarter valued at $387,435,000. United Advisor Group LLC purchased a new stake in PayPal during the 3rd quarter valued at $810,000. FCG Investment Co bought a new stake in PayPal in the 3rd quarter worth $1,079,000. Finally, Equity Investment Corp increased its position in shares of PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock valued at $155,927,000 after acquiring an additional 67,497 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Down 3.5 %

PYPL stock traded down $2.68 during trading on Friday, hitting $74.95. 15,156,060 shares of the stock traded hands, compared to its average volume of 11,485,007. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock 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. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The firm's 50 day moving average is $85.50 and its two-hundred day moving average is $80.53.

PayPal (NASDAQ:PYPL - Get Free Report) last posted 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 net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter in the prior year, the company 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, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Macquarie increased their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. UBS Group boosted their target price on PayPal from $72.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their price target on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price objective on shares of PayPal from $75.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Thirteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, PayPal has an average rating of "Moderate Buy" and a consensus price target 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.