Barton Investment Management Sells 2,435 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Barton Investment Management cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 142,629 shares of the credit services provider’s stock after selling 2,435 shares during the period. PayPal accounts for about 1.3% of Barton Investment Management’s investment portfolio, making the stock its 13th largest holding. Barton Investment Management’s holdings in PayPal were worth $12,173,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Czech National Bank lifted its holdings in shares of PayPal by 4.5% during the third quarter. Czech National Bank now owns 208,260 shares of the credit services provider’s stock valued at $16,251,000 after acquiring an additional 8,925 shares during the period. GAMMA Investing LLC increased its stake in shares of PayPal by 37.2% in the 3rd quarter. GAMMA Investing LLC now owns 9,652 shares of the credit services provider’s stock valued at $753,000 after buying an additional 2,616 shares during the period. Diversified Trust Co bought a new stake in PayPal during the 3rd quarter worth about $1,367,000. Ignite Planners LLC boosted its stake in PayPal by 15.3% in the third quarter. Ignite Planners LLC now owns 6,465 shares of the credit services provider’s stock valued at $504,000 after acquiring an additional 860 shares during the last quarter. Finally, Alpha Cubed Investments LLC bought a new stake in PayPal in the third quarter valued at about $262,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ PYPL opened at $79.20 on Thursday. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The stock has a market cap of $79.40 billion, a PE ratio of 18.90, a PEG ratio of 1.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s fifty day moving average price is $88.01 and its two-hundred day moving average price is $79.39.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the business posted $1.48 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PYPL shares. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Wells Fargo & Company lifted their price objective on shares of PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Stephens raised their target price on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on shares of PayPal from $90.00 to $79.00 and set an “equal weight” rating on the stock in a report on Wednesday. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average target price of $89.29.

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.