Dynamic Advisor Solutions LLC Decreases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Dynamic Advisor Solutions LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 38.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,504 shares of the credit services provider's stock after selling 5,367 shares during the period. Dynamic Advisor Solutions LLC's holdings in PayPal were worth $726,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Relyea Zuckerberg Hanson LLC raised its position in shares of PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock worth $638,000 after acquiring an additional 3,976 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of PayPal during the third quarter worth about $387,435,000. United Advisor Group LLC bought a new position in shares of PayPal in the third quarter valued at approximately $810,000. FCG Investment Co purchased a new position in PayPal during the 3rd quarter worth $1,079,000. Finally, Equity Investment Corp grew its position in PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock worth $155,927,000 after purchasing an additional 67,497 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent analyst reports. Stephens lifted their target price on PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Susquehanna upped their price target on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Keefe, Bruyette & Woods increased their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, Robert W. Baird boosted their target price on PayPal from $80.00 to $91.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $89.48.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $1.13 during trading on Monday, hitting $90.24. The company's stock had a trading volume of 6,916,974 shares, compared to its average volume of 8,381,756. 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 Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The firm has a market cap of $90.47 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 1.54 and a beta of 1.44. The company has a 50-day moving average of $87.76 and a 200-day moving average of $78.05.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for 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 business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.

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.