Philip James Wealth Mangement LLC Has $2.77 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Philip James Wealth Mangement LLC decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,419 shares of the credit services provider's stock after selling 4,235 shares during the period. Philip James Wealth Mangement LLC's holdings in PayPal were worth $2,767,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% during 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 during the last quarter. Sugarloaf Wealth Management LLC grew its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares during the last quarter. Planning Capital Management Corp grew its stake in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after buying an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of PayPal by 125.3% during 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 owned by hedge funds and other institutional investors.

PayPal Trading Down 0.9 %

Shares of PayPal stock traded down $0.73 during trading hours on Thursday, hitting $77.63. The company's stock had a trading volume of 9,301,154 shares, compared to its average volume of 11,373,951. The stock has a 50 day moving average of $85.73 and a 200 day moving average of $80.55. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $76.79 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Bank of America raised PayPal from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. StockNews.com upgraded shares of PayPal from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Morgan Stanley decreased their price objective on shares of PayPal from $90.00 to $79.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company lifted their price target on PayPal from $75.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Finally, Wolfe Research upgraded PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective for the company in a report on Friday, December 13th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.