PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Reduced by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,130 shares of the credit services provider’s stock after selling 1,775 shares during the quarter. PayPal comprises about 4.6% of Gibraltar Capital Management Inc.’s holdings, making the stock its 5th biggest holding. Gibraltar Capital Management Inc.’s holdings in PayPal were worth $10,509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the third quarter valued at $26,000. Rosenberg Matthew Hamilton lifted its holdings 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 purchasing an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position 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 purchasing an additional 272 shares during the period. Planning Capital Management Corp grew its stake 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 buying an additional 268 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in PayPal during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 1.6 %

Shares of NASDAQ PYPL opened at $74.07 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $73.27 billion, a PE ratio of 18.47, a P/E/G ratio of 1.27 and a beta of 1.44. The firm has a fifty day moving average of $84.52 and a 200-day moving average of $81.02. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66.

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

Analysts Set New Price Targets

PYPL has been the subject of several research analyst reports. BTIG Research reissued a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Macquarie raised their price objective on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Susquehanna upped their target price on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Piper Sandler raised their price target on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average price target of $90.52.

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.