Lederer & Associates Investment Counsel CA Reduces Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Lederer & Associates Investment Counsel CA reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,623 shares of the credit services provider’s stock after selling 695 shares during the quarter. Lederer & Associates Investment Counsel CA’s holdings in PayPal were worth $1,248,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Algert Global LLC acquired a new stake in PayPal during the 2nd quarter valued at approximately $435,000. Czech National Bank grew its stake in PayPal by 4.5% during the 3rd quarter. Czech National Bank now owns 208,260 shares of the credit services provider’s stock valued at $16,251,000 after purchasing an additional 8,925 shares in the last quarter. Park Avenue Securities LLC grew its stake in PayPal by 30.5% during the 3rd quarter. Park Avenue Securities LLC now owns 29,346 shares of the credit services provider’s stock valued at $2,290,000 after purchasing an additional 6,859 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in PayPal by 8.6% during the 3rd quarter. Harbor Investment Advisory LLC now owns 14,807 shares of the credit services provider’s stock valued at $1,155,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Burns J W & Co. Inc. NY acquired a new stake in PayPal during the 3rd quarter valued at approximately $211,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PYPL. Mizuho raised their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Barclays upped their price objective on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average target price of $89.48.

PayPal Trading Down 1.1 %

Shares of NASDAQ PYPL opened at $88.58 on Monday. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a market cap of $88.80 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.49 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. The business has a fifty day simple moving average of $88.16 and a 200-day simple moving average of $78.93.

PayPal Company 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.