Kingswood Wealth Advisors LLC Sells 3,796 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Kingswood Wealth Advisors LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 32.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,881 shares of the credit services provider's stock after selling 3,796 shares during the period. Kingswood Wealth Advisors LLC's holdings in PayPal were worth $673,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Algert Global LLC acquired a new position in shares of PayPal during the 2nd quarter worth approximately $435,000. EP Wealth Advisors LLC boosted its stake in shares of PayPal by 10.8% during the second quarter. EP Wealth Advisors LLC now owns 11,053 shares of the credit services provider's stock valued at $641,000 after purchasing an additional 1,075 shares in the last quarter. KPP Advisory Services LLC grew its holdings in shares of PayPal by 29.2% during the second quarter. KPP Advisory Services LLC now owns 5,821 shares of the credit services provider's stock worth $338,000 after purchasing an additional 1,314 shares during the last quarter. Brown Financial Advisors acquired a new position in shares of PayPal in the second quarter valued at approximately $1,454,000. Finally, Sanctuary Advisors LLC bought a new position in PayPal in the 2nd quarter valued at approximately $9,517,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

NASDAQ PYPL traded up $1.32 during trading hours on Thursday, reaching $90.08. 4,563,356 shares of the stock traded hands, compared to its average volume of 8,027,142. The stock has a 50 day simple moving average of $88.04 and a two-hundred day simple moving average of $78.53. The company has a market cap of $90.31 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. On average, analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. UBS Group lifted their price objective on PayPal from $72.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Stephens raised their price target on shares of PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Finally, Bank of America upgraded shares of PayPal from a "neutral" rating to a "buy" rating and boosted their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PayPal has an average rating of "Moderate Buy" and a consensus price target of $89.48.

PayPal Company 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.