PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Cut by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 36,242 shares of the credit services provider’s stock after selling 3,440 shares during the quarter. Geneos Wealth Management Inc.’s holdings in PayPal were worth $3,093,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd bought a new position in PayPal in the 3rd quarter worth about $26,000. Rosenberg Matthew Hamilton lifted its holdings in shares of 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. Sugarloaf Wealth Management LLC boosted its stake in 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 buying an additional 272 shares in the last quarter. Planning Capital Management Corp grew 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 acquiring an additional 268 shares during the period. Finally, Financial Management Professionals Inc. raised its position in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stephens lifted their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Oppenheimer began coverage on PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and increased their price target for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.48.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $89.11 on Friday. The stock has a market capitalization of $89.34 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.54 and a beta of 1.44. The business has a 50-day moving average of $87.76 and a two-hundred day moving average of $77.79. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last announced its 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. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

About PayPal

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.