Franklin Street Advisors Inc. NC Sells 9,705 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Franklin Street Advisors Inc. NC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 53.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,592 shares of the credit services provider's stock after selling 9,705 shares during the quarter. Franklin Street Advisors Inc. NC's holdings in PayPal were worth $733,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PYPL. Bruce G. Allen Investments LLC grew its holdings in PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider's stock valued at $141,000 after buying an additional 124 shares during the last quarter. First United Bank & Trust increased its position in PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock worth $187,000 after acquiring an additional 145 shares during the period. Ritholtz Wealth Management raised its stake in PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider's stock valued at $369,000 after purchasing an additional 152 shares during the last quarter. Laraway Financial Advisors Inc boosted its holdings in PayPal by 3.8% in the 3rd quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider's stock valued at $330,000 after purchasing an additional 154 shares during the period. Finally, SYSTM Wealth Solutions LLC grew its position in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after purchasing an additional 167 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 5.2 %

PYPL traded down $4.58 during midday trading on Friday, reaching $83.36. 11,330,238 shares of the company were exchanged, compared to its average volume of 7,506,390. 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 stock has a market capitalization of $83.57 billion, a P/E ratio of 19.89, a PEG ratio of 1.66 and a beta of 1.44. The stock's 50-day simple moving average is $86.51 and its 200 day simple moving average is $75.52. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66.

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

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Phillip Securities restated an "accumulate" rating and set a $90.00 price objective (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Sanford C. Bernstein lowered PayPal from an "outperform" rating to a "market perform" rating and upped their target price for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Piper Sandler reiterated a "neutral" rating and set a $88.00 price target on shares of PayPal in a research note on Friday, November 22nd. Finally, Stephens increased their price objective on shares of PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $88.65.

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.