SeaCrest Wealth Management LLC Has $604,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

SeaCrest Wealth Management LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 49.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,082 shares of the credit services provider's stock after selling 6,896 shares during the period. SeaCrest Wealth Management LLC's holdings in PayPal were worth $604,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Wynn Capital LLC raised its stake in shares of PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after acquiring an additional 130 shares during the period. Rosenberg Matthew Hamilton increased its holdings in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Global Financial Private Client LLC lifted its stake in shares of PayPal by 992.7% during the fourth quarter. Global Financial Private Client LLC now owns 1,344 shares of the credit services provider's stock worth $115,000 after purchasing an additional 1,221 shares in the last quarter. Marcum Wealth LLC boosted its position in shares of PayPal by 12.0% in the fourth quarter. Marcum Wealth LLC now owns 4,077 shares of the credit services provider's stock worth $348,000 after buying an additional 438 shares during the period. Finally, FNY Investment Advisers LLC grew its stake in shares of PayPal by 443.5% in the fourth quarter. FNY Investment Advisers LLC now owns 625 shares of the credit services provider's stock valued at $53,000 after buying an additional 510 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

Several research analysts have recently weighed in on the stock. BMO Capital Markets upped their target price on shares of PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Royal Bank of Canada restated an "outperform" rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Oppenheimer began coverage on shares of PayPal in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Monness Crespi & Hardt boosted their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $89.32.

PayPal Stock Performance

NASDAQ PYPL traded up $2.89 during trading on Friday, reaching $91.81. 16,418,690 shares of the company's stock were exchanged, compared to its average volume of 8,502,395. 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 fifty-two week low of $55.77 and a fifty-two week high of $93.66. The business has a 50 day moving average price of $87.23 and a 200-day moving average price of $76.49. The stock has a market capitalization of $92.04 billion, a P/E ratio of 21.91, a PEG ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to analysts' expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal 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.