PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by SOL Capital Management CO

SOL Capital Management CO cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 43.9% during the 4th quarter, HoldingsChannel reports. The fund owned 13,082 shares of the credit services provider’s stock after selling 10,250 shares during the period. SOL Capital Management CO’s holdings in PayPal were worth $1,117,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Algert Global LLC acquired 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 in the 2nd quarter valued at approximately $9,517,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of PayPal during the 2nd quarter valued at approximately $17,707,000. Anchor Investment Management LLC lifted its stake in PayPal by 5.8% during the second 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 last quarter. Finally, Abacus Planning Group Inc. acquired a new position in PayPal in the third quarter worth $208,000. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research reports. Macquarie increased their target price on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Piper Sandler raised their target price on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their target price on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and raised their price target for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Finally, Barclays upped their price objective on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Stock Down 1.1 %

NASDAQ PYPL opened at $88.58 on Friday. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a market capitalization of $88.80 billion, a P/E ratio of 21.14, a PEG ratio of 1.49 and a beta of 1.44. The company’s 50 day simple moving average is $88.13 and its 200 day simple moving average is $78.61. 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 posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. Equities research analysts expect that PayPal Holdings, Inc. will post 4.58 earnings per share 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.