PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Udine Wealth Management Inc.

Udine Wealth Management Inc. decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,733 shares of the credit services provider's stock after selling 3,084 shares during the period. PayPal accounts for 1.3% of Udine Wealth Management Inc.'s investment portfolio, making the stock its 20th biggest position. Udine Wealth Management Inc.'s holdings in PayPal were worth $2,026,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. HB Wealth Management LLC increased its position in PayPal by 8.5% during the 4th quarter. HB Wealth Management LLC now owns 18,116 shares of the credit services provider's stock worth $1,546,000 after purchasing an additional 1,418 shares in the last quarter. KRS Capital Management LLC acquired a new stake in shares of PayPal during the 4th quarter worth about $223,000. Premier Path Wealth Partners LLC grew its holdings in shares of PayPal by 11.6% during the fourth quarter. Premier Path Wealth Partners LLC now owns 8,548 shares of the credit services provider's stock worth $730,000 after buying an additional 887 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of PayPal by 1.0% in the fourth quarter. Integrated Investment Consultants LLC now owns 64,053 shares of the credit services provider's stock valued at $5,467,000 after buying an additional 606 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of PayPal by 0.4% in the fourth quarter. Arkadios Wealth Advisors now owns 54,867 shares of the credit services provider's stock valued at $4,683,000 after buying an additional 199 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

PYPL traded up $2.89 during trading on Friday, reaching $91.81. 16,468,435 shares of the company were exchanged, compared to its average volume of 6,562,702. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $87.40 and a 200 day moving average of $76.85. The stock has a market cap 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 results 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 business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on PYPL shares. Sanford C. Bernstein cut shares of PayPal from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. StockNews.com upgraded PayPal from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Piper Sandler reiterated a "neutral" rating and set a $88.00 target price on shares of PayPal in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on PayPal from $74.00 to $94.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Finally, Bank of America upgraded shares of PayPal from a "neutral" rating to a "buy" rating and boosted their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $89.32.

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.