PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Cut by Sky Investment Group LLC

Sky Investment Group LLC decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,747 shares of the credit services provider’s stock after selling 295 shares during the period. Sky Investment Group LLC’s holdings in PayPal were worth $320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Intech Investment Management LLC increased its position in PayPal by 56.5% in the second quarter. Intech Investment Management LLC now owns 43,608 shares of the credit services provider’s stock worth $2,531,000 after buying an additional 15,736 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of PayPal by 29.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 23,112 shares of the credit services provider’s stock worth $1,341,000 after acquiring an additional 5,251 shares during the period. AE Wealth Management LLC increased its holdings in shares of PayPal by 14.3% in the 2nd quarter. AE Wealth Management LLC now owns 27,523 shares of the credit services provider’s stock worth $1,597,000 after acquiring an additional 3,448 shares during the period. Pacer Advisors Inc. lifted its position in PayPal by 2.5% in the 2nd quarter. Pacer Advisors Inc. now owns 128,170 shares of the credit services provider’s stock valued at $7,438,000 after purchasing an additional 3,130 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in PayPal by 35.4% during the 2nd quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock valued at $8,545,000 after purchasing an additional 38,488 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Up 3.3 %

NASDAQ:PYPL opened at $91.81 on Tuesday. The business’s fifty day moving average price is $87.40 and its 200 day moving average price is $76.97. The firm has a market capitalization of $92.04 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.57 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share 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 for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PYPL. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Susquehanna boosted their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Piper Sandler reissued a “neutral” rating and set a $88.00 price target on shares of PayPal in a report on Friday, November 22nd. Oppenheimer initiated coverage on shares of PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Robert W. Baird raised their target price on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average target price of $89.32.

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.