Douglas Lane & Associates LLC Trims Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Douglas Lane & Associates LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 795,899 shares of the credit services provider’s stock after selling 14,492 shares during the period. Douglas Lane & Associates LLC’s holdings in PayPal were worth $67,930,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal in the 3rd quarter valued at about $26,000. SYSTM Wealth Solutions LLC raised its stake in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares in the last quarter. Planning Capital Management Corp lifted its holdings in 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 during the period. Financial Management Professionals Inc. boosted its position in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of PayPal in the 3rd quarter valued at $36,000. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PYPL. JPMorgan Chase & Co. upped their price objective on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group increased their price target on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Phillip Securities reissued an “accumulate” rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Finally, UBS Group lifted their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.65.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded down $0.10 during trading on Wednesday, hitting $87.87. 3,401,130 shares of the stock traded hands, compared to its average volume of 5,907,442. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $86.15 and a two-hundred day moving average price of $75.34. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The company has a market cap of $88.09 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

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.