Atria Wealth Solutions Inc. Cuts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atria Wealth Solutions Inc. trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,478 shares of the credit services provider’s stock after selling 276 shares during the period. Atria Wealth Solutions Inc.’s holdings in PayPal were worth $3,113,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PYPL. Relyea Zuckerberg Hanson LLC grew its stake in PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after acquiring an additional 3,976 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal during the third quarter valued at about $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal in the third quarter worth about $810,000. FCG Investment Co bought a new stake in shares of PayPal in the third quarter worth about $1,079,000. Finally, Equity Investment Corp lifted its position 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 worth $155,927,000 after buying an additional 67,497 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 3.5 %

Shares of NASDAQ PYPL opened at $74.95 on Friday. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The firm has a market capitalization of $74.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.28 and a beta of 1.44. The stock has a 50 day moving average price of $85.50 and a 200 day moving average price of $80.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

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

Analyst Ratings Changes

PYPL has been the topic of a number of research reports. Wells Fargo & Company lifted their price objective on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Piper Sandler increased their price objective on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Finally, BMO Capital Markets upped their target price on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Thirteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.52.

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.