PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,302 shares of the credit services provider’s stock after selling 3,695 shares during the quarter. Ingalls & Snyder LLC’s holdings in PayPal were worth $9,329,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal in the 3rd quarter valued at $26,000. Rosenberg Matthew Hamilton raised its stake in shares of 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 acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC raised its stake in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Planning Capital Management Corp raised its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the period. Finally, Financial Management Professionals Inc. raised its stake in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Up 0.1 %

NASDAQ PYPL opened at $76.27 on Thursday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a 50-day simple moving average of $87.17 and a 200-day simple moving average of $80.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The firm has a market capitalization of $75.45 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the business posted $1.48 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. BMO Capital Markets raised 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. UBS Group raised their target price on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Piper Sandler raised their target price on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, Barclays lifted their price target on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average target price of $90.52.

About PayPal

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.