Focus Financial Network Inc. Sells 4,239 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Focus Financial Network Inc. trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 34.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,893 shares of the credit services provider’s stock after selling 4,239 shares during the quarter. Focus Financial Network Inc.’s holdings in PayPal were worth $674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Summit Trail Advisors LLC increased its holdings in shares of PayPal by 32.8% during the fourth quarter. Summit Trail Advisors LLC now owns 16,315 shares of the credit services provider’s stock worth $1,392,000 after buying an additional 4,025 shares in the last quarter. Equitable Trust Co. grew its position in PayPal by 16.5% during the 4th quarter. Equitable Trust Co. now owns 15,637 shares of the credit services provider’s stock worth $1,335,000 after acquiring an additional 2,217 shares during the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new position in PayPal in the 4th quarter worth about $2,306,000. Bristlecone Advisors LLC raised its position in PayPal by 17.4% in the fourth quarter. Bristlecone Advisors LLC now owns 50,124 shares of the credit services provider’s stock valued at $4,278,000 after purchasing an additional 7,420 shares during the last quarter. Finally, Soltis Investment Advisors LLC raised its position in PayPal by 10.3% in the fourth quarter. Soltis Investment Advisors LLC now owns 2,849 shares of the credit services provider’s stock valued at $243,000 after purchasing an additional 267 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $76.27 on Thursday. The company has a market cap of $75.45 billion, a P/E ratio of 19.02, a PEG ratio of 1.29 and a beta of 1.44. The company has a fifty day simple moving average of $87.17 and a 200 day simple moving average of $80.06. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on PYPL shares. The Goldman Sachs Group upped their price objective on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. UBS Group raised their price target on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Citigroup boosted their price objective on shares of PayPal from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Finally, Monness Crespi & Hardt raised their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Thirteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

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.