PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Reduced by ARK Investment Management LLC

ARK Investment Management LLC lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 183,302 shares of the credit services provider’s stock after selling 2,788 shares during the quarter. ARK Investment Management LLC’s holdings in PayPal were worth $15,645,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Allworth Financial LP lifted its position in shares of PayPal by 11.4% during the 3rd quarter. Allworth Financial LP now owns 5,727 shares of the credit services provider’s stock worth $447,000 after purchasing an additional 588 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of PayPal by 40.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 73,537 shares of the credit services provider’s stock worth $5,738,000 after purchasing an additional 21,002 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of PayPal by 62.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,348 shares of the credit services provider’s stock worth $807,000 after purchasing an additional 3,991 shares during the last quarter. Baker Tilly Wealth Management LLC lifted its position in shares of PayPal by 18.0% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 4,633 shares of the credit services provider’s stock worth $362,000 after purchasing an additional 706 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of PayPal by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 329,607 shares of the credit services provider’s stock worth $25,719,000 after purchasing an additional 2,591 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research analyst reports. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Macquarie upped their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Barclays upped their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods upped their price target on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Stock Down 1.6 %

Shares of PYPL opened at $74.07 on Wednesday. The firm has a market capitalization of $73.27 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The business’s fifty day moving average price is $84.52 and its two-hundred day moving average price is $81.02. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.48 EPS. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 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.