USA Financial Formulas Trims Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

USA Financial Formulas reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,486 shares of the credit services provider's stock after selling 4,077 shares during the quarter. PayPal comprises 0.2% of USA Financial Formulas' holdings, making the stock its 15th largest holding. USA Financial Formulas' holdings in PayPal were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC boosted its holdings in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider's stock worth $141,000 after buying an additional 124 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC boosted its stake in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after acquiring an additional 130 shares in the last quarter. Brave Asset Management Inc. boosted its stake in PayPal by 5.2% during the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider's stock worth $241,000 after acquiring an additional 141 shares in the last quarter. Finally, First United Bank & Trust grew its holdings in PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock worth $187,000 after purchasing an additional 145 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

Shares of NASDAQ PYPL traded down $0.27 during midday trading on Thursday, hitting $89.37. The company's stock had a trading volume of 3,327,824 shares, compared to its average volume of 7,466,095. The stock has a fifty day moving average price of $86.91 and a 200 day moving average price of $76.31. The firm has a market capitalization of $89.60 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.42 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.77 and a one year 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.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (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 quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 earnings per share. On average, research analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on PYPL shares. Susquehanna lifted their price target on shares of PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. The Goldman Sachs Group raised their price objective on shares of PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Tuesday, December 24th. Morgan Stanley raised their price target on shares of PayPal from $76.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Finally, Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and lifted their price target for the company from $86.00 to $103.00 in a research note on Monday, December 9th. 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 stock. According to MarketBeat, the company has a consensus 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.