PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Trimmed by WP Advisors LLC

WP Advisors LLC cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,857 shares of the credit services provider’s stock after selling 10,985 shares during the quarter. PayPal comprises approximately 3.1% of WP Advisors LLC’s portfolio, making the stock its 9th biggest holding. WP Advisors LLC’s holdings in PayPal were worth $9,291,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Relyea Zuckerberg Hanson LLC increased its stake in PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after acquiring an additional 3,976 shares during the last quarter. World Investment Advisors LLC acquired a new stake in PayPal during the third quarter worth about $387,435,000. United Advisor Group LLC acquired a new stake in PayPal during the third quarter worth about $810,000. FCG Investment Co acquired a new stake in PayPal during the third quarter worth about $1,079,000. Finally, Equity Investment Corp increased its stake in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Monness Crespi & Hardt increased their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Macquarie increased their target price on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research note on Friday, December 13th. Finally, Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and increased their target price for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Thirteen 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Trading Down 0.9 %

NASDAQ:PYPL opened at $77.63 on Friday. 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 business’s 50 day moving average is $85.73 and its two-hundred day moving average is $80.55. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a market cap of $76.79 billion, a PE ratio of 19.36, a P/E/G ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly 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. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.