PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 16.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 159,195 shares of the credit services provider’s stock after selling 30,647 shares during the quarter. Janney Montgomery Scott LLC’s holdings in PayPal were worth $13,587,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Relyea Zuckerberg Hanson LLC boosted its position in PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after acquiring an additional 3,976 shares during the period. World Investment Advisors LLC bought a new position in shares of PayPal in the 3rd quarter valued at approximately $387,435,000. United Advisor Group LLC acquired a new stake in shares of PayPal in the third quarter worth $810,000. FCG Investment Co bought a new stake in PayPal during the third quarter valued at about $1,079,000. Finally, Equity Investment Corp boosted its stake in PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PYPL has been the topic of several research analyst reports. Susquehanna raised their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Barclays upped their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group boosted their price target on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Finally, Piper Sandler boosted their price target on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Friday. Fourteen research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.48.

Read Our Latest Research Report on PYPL

PayPal Stock Performance

NASDAQ:PYPL opened at $89.11 on Monday. The business’s fifty day moving average is $87.76 and its 200 day moving average is $77.92. The firm has a market cap of $89.34 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.54 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. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 earnings per share. Research analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

About PayPal

(Free Report)

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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