Nkcfo LLC Has $2.38 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Nkcfo LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,825 shares of the credit services provider's stock after selling 3,500 shares during the quarter. PayPal accounts for 1.0% of Nkcfo LLC's portfolio, making the stock its 21st largest holding. Nkcfo LLC's holdings in PayPal were worth $2,375,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal during the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton lifted its position in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp grew its holdings in shares of PayPal by 186.1% during 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 in the last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after acquiring an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Down 0.9 %

PYPL stock traded down $0.70 during trading on Wednesday, hitting $77.92. The company had a trading volume of 3,792,668 shares, compared to its average volume of 11,266,530. The firm has a 50-day moving average price of $85.98 and a 200-day moving average price of $80.56. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $77.09 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 earnings per share. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley dropped their target price on PayPal from $90.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Citigroup raised their target price on PayPal from $97.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and upped their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Finally, Macquarie boosted their target price on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Thirteen equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.52.

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.