Pinnacle Wealth Management Group Inc. Sells 300 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Pinnacle Wealth Management Group Inc. lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,514 shares of the credit services provider’s stock after selling 300 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in PayPal were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PYPL. FNY Investment Advisers LLC increased its position in PayPal by 443.5% during the fourth quarter. FNY Investment Advisers LLC now owns 625 shares of the credit services provider’s stock worth $53,000 after buying an additional 510 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of PayPal by 8.6% during the 4th quarter. AdvisorNet Financial Inc now owns 4,760 shares of the credit services provider’s stock worth $406,000 after acquiring an additional 377 shares during the period. Signet Financial Management LLC increased its holdings in shares of PayPal by 2.0% during the 4th quarter. Signet Financial Management LLC now owns 34,648 shares of the credit services provider’s stock worth $2,957,000 after acquiring an additional 679 shares during the last quarter. Pallas Capital Advisors LLC raised its stake in PayPal by 59.6% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,181 shares of the credit services provider’s stock valued at $1,210,000 after acquiring an additional 5,294 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in PayPal by 186.3% during the fourth quarter. Miracle Mile Advisors LLC now owns 45,729 shares of the credit services provider’s stock worth $3,903,000 after purchasing an additional 29,754 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Up 0.8 %

Shares of PYPL stock opened at $83.99 on Tuesday. The stock has a 50-day moving average of $86.75 and a 200-day moving average of $76.10. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market cap of $84.20 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business earned $0.97 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. Monness Crespi & Hardt increased their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Oppenheimer assumed coverage on shares of PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Mizuho boosted their price target on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Phillip Securities reiterated an “accumulate” rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.65.

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.