Heritage Investors Management Corp Lowers Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Heritage Investors Management Corp trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,152 shares of the credit services provider’s stock after selling 3,251 shares during the quarter. Heritage Investors Management Corp’s holdings in PayPal were worth $12,303,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the third quarter valued at $26,000. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC grew its position in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Planning Capital Management Corp increased its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in PayPal in the 3rd quarter worth about $36,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on PYPL. Morgan Stanley raised their price objective on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday. Citigroup reissued an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, Macquarie boosted their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal has an average rating of “Moderate Buy” and a consensus price target of $90.55.

PayPal Stock Performance

Shares of PayPal stock opened at $72.05 on Thursday. The business’s fifty day simple moving average is $84.25 and its 200-day simple moving average is $80.96. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market cap of $71.27 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66.

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