PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 623,383 shares of the credit services provider’s stock after selling 1,632 shares during the period. PayPal comprises approximately 5.8% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 3rd largest holding. Penn Davis Mcfarland Inc. owned about 0.06% of PayPal worth $53,206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Bruce G. Allen Investments LLC grew its stake in PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the last quarter. Wynn Capital LLC grew its position in shares of PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 130 shares in the last quarter. Brave Asset Management Inc. increased its holdings in shares of PayPal by 5.2% in the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after acquiring an additional 141 shares during the last quarter. Finally, First United Bank & Trust raised its position in shares of PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 145 shares in 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 several recent research reports. Monness Crespi & Hardt boosted their target price on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft lifted their target price on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. 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. Macquarie raised their price target on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.32.

PayPal Stock Performance

Shares of PYPL opened at $91.81 on Monday. The company has a 50-day moving average of $87.40 and a two-hundred day moving average of $76.85. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $92.04 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

PayPal 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.