Yousif Capital Management LLC Has $11.55 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Yousif Capital Management LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 135,308 shares of the credit services provider’s stock after selling 6,251 shares during the period. Yousif Capital Management LLC’s holdings in PayPal were worth $11,549,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Relyea Zuckerberg Hanson LLC boosted its position in shares of PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after acquiring an additional 3,976 shares during the period. World Investment Advisors LLC acquired a new position in PayPal during the 3rd quarter valued at $387,435,000. United Advisor Group LLC bought a new stake in PayPal in the 3rd quarter valued at $810,000. FCG Investment Co acquired a new stake in PayPal in the 3rd quarter worth $1,079,000. Finally, Equity Investment Corp increased its holdings in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

PYPL has been the topic of a number of recent research reports. Barclays lifted their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Citigroup lifted their price objective on PayPal from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens upped their target price on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. The Goldman Sachs Group lifted their price target on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.29.

PayPal Price Performance

NASDAQ PYPL opened at $79.20 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $79.40 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.49 and a beta of 1.44. The business has a 50 day simple moving average of $88.01 and a 200 day simple moving average of $79.39. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data 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 company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 earnings per share. Analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal 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.