Jacobs & Co. CA Reduces Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Jacobs & Co. CA decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,394 shares of the credit services provider’s stock after selling 1,174 shares during the period. Jacobs & Co. CA’s holdings in PayPal were worth $2,594,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the third quarter valued at about $26,000. SYSTM Wealth Solutions LLC increased its holdings in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the period. Planning Capital Management Corp increased its holdings in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. Financial Management Professionals Inc. increased its holdings in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in PayPal during the 3rd quarter valued at about $36,000. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research reports. Wells Fargo & Company lifted their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Susquehanna boosted their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.65.

PayPal Price Performance

PayPal stock traded down $4.32 during mid-day trading on Friday, hitting $83.62. The stock had a trading volume of 7,793,287 shares, compared to its average volume of 6,895,483. The firm has a market capitalization of $83.83 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.66 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $86.51 and its 200 day moving average is $75.52. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

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.