Financial Advocates Investment Management Sells 214 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Financial Advocates Investment Management trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,120 shares of the credit services provider’s stock after selling 214 shares during the quarter. Financial Advocates Investment Management’s holdings in PayPal were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal in the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton increased its position in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC increased its position in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares in the last quarter. Planning Capital Management Corp raised its stake in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. Finally, Financial Management Professionals Inc. lifted its position in shares of PayPal by 125.3% during 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 in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 0.8 %

Shares of PYPL opened at $78.57 on Friday. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $87.87 and its 200-day simple moving average is $79.39. The company has a market cap of $78.77 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.49 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the company posted $1.48 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PYPL. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Piper Sandler raised their price target on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company upped their price objective on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average target price of $89.29.

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.