Eagle Bay Advisors LLC Has $38,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Eagle Bay Advisors LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 81.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 440 shares of the credit services provider’s stock after selling 1,952 shares during the period. Eagle Bay Advisors LLC’s holdings in PayPal were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal during the 3rd quarter worth about $26,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Planning Capital Management Corp grew its position in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Financial Management Professionals Inc. increased its stake in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares during the period. Finally, Modus Advisors LLC purchased a new stake in PayPal in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. Oppenheimer began coverage on shares of PayPal in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and raised their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research note on Friday, December 13th. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Finally, Barclays boosted their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Fourteen investment 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $88.65.

PayPal Stock Up 0.8 %

PYPL opened at $83.99 on Tuesday. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The firm has a market cap of $84.20 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.66 and a beta of 1.44. The firm’s 50-day simple moving average is $86.75 and its 200-day simple moving average is $76.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business posted $0.97 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

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.