Kingswood Wealth Advisors LLC Has $673,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Kingswood Wealth Advisors LLC trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 32.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,881 shares of the credit services provider’s stock after selling 3,796 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in PayPal were worth $673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PFG Investments LLC increased its stake in PayPal by 5.3% in the fourth quarter. PFG Investments LLC now owns 14,678 shares of the credit services provider’s stock valued at $1,253,000 after purchasing an additional 741 shares in the last quarter. Stablepoint Partners LLC raised its stake in PayPal by 3.5% during the 4th quarter. Stablepoint Partners LLC now owns 17,889 shares of the credit services provider’s stock worth $1,527,000 after buying an additional 601 shares during the period. 1834 Investment Advisors Co. boosted its holdings in PayPal by 4.1% in the fourth quarter. 1834 Investment Advisors Co. now owns 5,768 shares of the credit services provider’s stock worth $492,000 after acquiring an additional 225 shares in the last quarter. Novare Capital Management LLC grew its stake in PayPal by 21.6% in the fourth quarter. Novare Capital Management LLC now owns 4,225 shares of the credit services provider’s stock valued at $361,000 after acquiring an additional 750 shares during the period. Finally, AlphaMark Advisors LLC increased its holdings in shares of PayPal by 33.3% during the fourth quarter. AlphaMark Advisors LLC now owns 4,000 shares of the credit services provider’s stock valued at $341,000 after acquiring an additional 1,000 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PYPL. UBS Group lifted their price target on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Citigroup boosted their price objective on PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Stephens raised their target price on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.48.

PayPal Stock Up 0.6 %

PYPL stock opened at $88.76 on Thursday. The stock has a 50-day simple moving average of $87.96 and a two-hundred day simple moving average of $78.46. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The firm has a market capitalization of $88.99 billion, a PE ratio of 21.18, a PEG ratio of 1.54 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. PayPal’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal 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.