Abacus Planning Group Inc. Reduces Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Abacus Planning Group Inc. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,534 shares of the credit services provider’s stock after selling 129 shares during the period. Abacus Planning Group Inc.’s holdings in PayPal were worth $216,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after purchasing an additional 3,976 shares during the period. World Investment Advisors LLC purchased a new stake in shares of PayPal in the third quarter valued at approximately $387,435,000. United Advisor Group LLC purchased a new stake in shares of PayPal in the third quarter valued at approximately $810,000. FCG Investment Co purchased a new stake in shares of PayPal in the third quarter valued at approximately $1,079,000. Finally, Equity Investment Corp boosted 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 during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ:PYPL opened at $78.36 on Thursday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $77.52 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.28 and a beta of 1.44. The firm’s fifty day moving average is $85.98 and its two-hundred day moving average is $80.56.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the company earned $1.48 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PYPL shares. The Goldman Sachs Group boosted their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, February 5th. BMO Capital Markets boosted their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Thirteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $90.52.

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.