Paladin Wealth LLC Sells 1,707 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Paladin Wealth LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,635 shares of the credit services provider’s stock after selling 1,707 shares during the quarter. Paladin Wealth LLC’s holdings in PayPal were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Ritholtz Wealth Management raised its stake in shares of PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after buying an additional 152 shares during the period. CHICAGO TRUST Co NA purchased a new stake in PayPal in the 3rd quarter worth about $253,000. Compagnie Lombard Odier SCmA increased its holdings in PayPal by 33.7% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 8,815 shares of the credit services provider’s stock worth $688,000 after acquiring an additional 2,222 shares during the last quarter. Rise Advisors LLC raised its stake in PayPal by 2.6% in the 3rd quarter. Rise Advisors LLC now owns 48,290 shares of the credit services provider’s stock valued at $3,768,000 after acquiring an additional 1,222 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in PayPal during the third quarter valued at about $8,483,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $78.24 on Tuesday. The company’s fifty day moving average is $87.52 and its 200 day moving average is $79.79. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The stock has a market cap of $77.40 billion, a PE ratio of 19.51, a PEG ratio of 1.29 and a beta of 1.44.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PYPL shares. Wells Fargo & Company lifted their target price on shares of PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Macquarie boosted their target price on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday. Barclays raised their price target on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. BMO Capital Markets boosted their price objective on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research note on Friday, December 13th. Thirteen equities research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.