K.J. Harrison & Partners Inc Has $1.55 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

K.J. Harrison & Partners Inc lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,018 shares of the credit services provider’s stock after selling 2,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in PayPal were worth $1,553,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Allworth Financial LP boosted its stake in shares of PayPal by 11.4% during the third quarter. Allworth Financial LP now owns 5,727 shares of the credit services provider’s stock valued at $447,000 after purchasing an additional 588 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in PayPal by 40.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 73,537 shares of the credit services provider’s stock valued at $5,738,000 after buying an additional 21,002 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in PayPal by 62.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,348 shares of the credit services provider’s stock worth $807,000 after buying an additional 3,991 shares during the period. Hunter Associates Investment Management LLC bought a new stake in PayPal during the 3rd quarter worth approximately $265,000. Finally, Pallas Capital Advisors LLC acquired a new position in PayPal in the 3rd quarter valued at approximately $723,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 2.7 %

Shares of NASDAQ PYPL opened at $72.05 on Thursday. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The stock has a market capitalization of $71.27 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50-day moving average price of $84.25 and a 200-day moving average price of $80.96.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the business posted $1.48 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent research reports. Barclays lifted their price target on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Macquarie increased their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. BTIG Research restated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, UBS Group upped their target price on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $90.55.

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.