PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by WP Advisors LLC

WP Advisors LLC decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,857 shares of the credit services provider's stock after selling 10,985 shares during the quarter. PayPal accounts for about 3.1% of WP Advisors LLC's holdings, making the stock its 9th biggest position. WP Advisors LLC's holdings in PayPal were worth $9,291,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Park Place Capital Corp raised its position in shares of PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after buying an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after purchasing an additional 125 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC grew its holdings in PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after purchasing an additional 130 shares in the last quarter. Finally, Brave Asset Management Inc. grew its stake in shares of PayPal by 5.2% during the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider's stock valued at $241,000 after acquiring an additional 141 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PYPL. UBS Group upped their target price on PayPal from $72.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. BMO Capital Markets lifted their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective on the stock in a research note on Friday, December 13th. The Goldman Sachs Group raised their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.52.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded down $2.68 on Friday, hitting $74.95. The company's stock had a trading volume of 15,156,060 shares, compared to its average volume of 11,485,007. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The stock'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 announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (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 during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. PayPal's revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal 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.