PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Lessened by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,055 shares of the credit services provider’s stock after selling 291 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in PayPal were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in PYPL. Park Place Capital Corp grew its position in shares of PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after purchasing an additional 116 shares during the period. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the period. JFS Wealth Advisors LLC grew its position in shares of PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 125 shares during the period. Wynn Capital LLC grew its position in shares of PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after purchasing an additional 130 shares during the period. Finally, Brave Asset Management Inc. grew its position in shares of PayPal by 5.2% in the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after purchasing an additional 141 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Up 0.8 %

Shares of PayPal stock opened at $78.62 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $77.77 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 1.28 and a beta of 1.44. The business has a fifty day simple moving average of $86.18 and a two-hundred day simple moving average of $80.45. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data 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. The firm had revenue of $8.37 billion for 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%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.48 EPS. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Robert W. Baird cut their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods boosted their target price on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Piper Sandler boosted their target price on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Morgan Stanley cut their target price on PayPal from $90.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Macquarie boosted their target price on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.52.

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.