KG&L Capital Management LLC Sells 823 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

KG&L Capital Management LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,794 shares of the credit services provider’s stock after selling 823 shares during the period. KG&L Capital Management LLC’s holdings in PayPal were worth $407,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Algert Global LLC bought a new stake in PayPal during the second quarter valued at approximately $435,000. Sanctuary Advisors LLC bought a new stake in shares of PayPal during the 2nd quarter valued at $9,517,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of PayPal in the 2nd quarter worth $17,707,000. Anchor Investment Management LLC raised its holdings in PayPal by 5.8% in the 2nd quarter. Anchor Investment Management LLC now owns 32,044 shares of the credit services provider’s stock worth $1,860,000 after purchasing an additional 1,756 shares during the period. Finally, Abacus Planning Group Inc. bought a new position in PayPal in the 3rd quarter worth $208,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of analyst reports. Mizuho upped their price target on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. The Goldman Sachs Group increased their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Finally, Macquarie lifted their target price on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Fourteen 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.48.

PayPal Stock Down 1.1 %

NASDAQ PYPL opened at $88.58 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The firm has a market capitalization of $88.80 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.49 and a beta of 1.44. The company has a fifty day moving average of $88.16 and a two-hundred day moving average of $78.81.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping 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 analysts’ expectations of $7.88 billion. During the same period in the previous year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.

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.