USA Financial Formulas Cuts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

USA Financial Formulas cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,486 shares of the credit services provider’s stock after selling 4,077 shares during the period. PayPal makes up 0.2% of USA Financial Formulas’ portfolio, making the stock its 15th largest position. USA Financial Formulas’ holdings in PayPal were worth $1,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HCR Wealth Advisors bought a new position in PayPal in the 4th quarter worth $238,000. Brave Asset Management Inc. lifted its holdings in PayPal by 5.2% in the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after buying an additional 141 shares during the period. Wolff Wiese Magana LLC grew its stake in PayPal by 1,911.3% in the fourth quarter. Wolff Wiese Magana LLC now owns 3,379 shares of the credit services provider’s stock worth $288,000 after purchasing an additional 3,211 shares during the period. Nabity Jensen Investment Management Inc increased its stake in shares of PayPal by 13.9% during the fourth quarter. Nabity Jensen Investment Management Inc now owns 3,350 shares of the credit services provider’s stock valued at $286,000 after purchasing an additional 408 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in PayPal by 226.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,713 shares of the credit services provider’s stock valued at $146,000 after buying an additional 1,188 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Canaccord Genuity Group increased their price objective on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Stephens lifted their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Finally, Susquehanna upped their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.16.

PayPal Stock Performance

PYPL stock opened at $89.64 on Thursday. The business’s fifty day simple moving average is $86.91 and its two-hundred day simple moving average is $76.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market cap of $89.87 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.42 and a beta of 1.44. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. Analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share 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.