PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Yarbrough Capital LLC

Yarbrough Capital LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 30.8% during the fourth quarter, Holdings Channel reports. The firm owned 29,111 shares of the credit services provider’s stock after selling 12,933 shares during the period. Yarbrough Capital LLC’s holdings in PayPal were worth $2,485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PYPL. World Investment Advisors LLC purchased a new position in shares of PayPal in the third quarter worth approximately $387,435,000. United Advisor Group LLC purchased a new position in PayPal during the 3rd quarter worth approximately $810,000. FCG Investment Co acquired a new stake in PayPal during the 3rd quarter valued at $1,079,000. Equity Investment Corp lifted its holdings in shares of PayPal by 3.5% in the third 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 in the last quarter. Finally, Weil Company Inc. lifted its holdings in shares of PayPal by 68.9% in the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 17,003 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PYPL. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and upped their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average target price of $89.32.

PayPal Stock Down 0.8 %

PYPL opened at $88.92 on Friday. The business has a 50 day moving average of $87.08 and a 200-day moving average of $76.40. The stock has a market capitalization of $89.15 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.42 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results 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 firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the firm earned $0.97 EPS. The business’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share 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.