Yarbrough Capital LLC Has $2.49 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Yarbrough Capital LLC lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 30.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,111 shares of the credit services provider's stock after selling 12,933 shares during the quarter. Yarbrough Capital LLC's holdings in PayPal were worth $2,485,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton lifted its stake in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its holdings in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 167 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 valued at $30,000 after purchasing an additional 272 shares in the last quarter. Finally, Planning Capital Management Corp increased its holdings 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 purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PYPL shares. Phillip Securities reiterated an "accumulate" rating and set a $90.00 target price (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Oppenheimer initiated coverage on PayPal in a research report on Tuesday, October 1st. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Wells Fargo & Company raised their price target on shares of PayPal from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Mizuho boosted their price objective on shares of PayPal from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued 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 $89.32.

PayPal Stock Up 3.3 %

NASDAQ:PYPL traded up $2.94 during trading hours on Friday, hitting $91.86. 11,546,126 shares of the company's stock traded hands, compared to its average volume of 8,040,400. The stock's fifty day moving average price is $87.08 and its two-hundred day moving average price is $76.40. The firm has a market cap of $92.09 billion, a P/E ratio of 21.94, a P/E/G ratio of 1.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last posted 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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to analysts' expectations of $7.88 billion. During the same period last year, the company posted $0.97 earnings per share. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts expect 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.