Amalgamated Bank Cuts Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Amalgamated Bank decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 197,253 shares of the credit services provider’s stock after selling 5,421 shares during the period. Amalgamated Bank’s holdings in PayPal were worth $16,836,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton raised its holdings in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal during the third quarter valued at approximately $26,000. Sugarloaf Wealth Management LLC raised its stake in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Planning Capital Management Corp grew its position in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup reissued an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Keefe, Bruyette & Woods lifted their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Macquarie lifted their price objective on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, 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. Fourteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $90.52.

PayPal Stock Up 0.4 %

PYPL opened at $75.25 on Tuesday. The business has a 50 day moving average price of $84.86 and a 200 day moving average price of $80.96. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $74.44 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its 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 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the company earned $1.48 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.