PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.2% during the fourth quarter, HoldingsChannel reports. The firm owned 5,242 shares of the credit services provider’s stock after selling 176 shares during the quarter. Clear Creek Financial Management LLC’s holdings in PayPal were worth $447,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Relyea Zuckerberg Hanson LLC lifted its position in shares of PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of PayPal during the third quarter worth $387,435,000. United Advisor Group LLC acquired a new position in shares of PayPal during the third quarter worth $810,000. FCG Investment Co acquired a new position in shares of PayPal during the third quarter worth $1,079,000. Finally, Equity Investment Corp lifted its position in shares of PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Phillip Securities restated an “accumulate” rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. UBS Group lifted their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their price target 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. Piper Sandler lifted their price target on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Finally, Macquarie lifted their price target on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Stock Performance

PYPL stock opened at $88.58 on Monday. 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 has a 50-day simple moving average of $88.16 and a 200 day simple moving average of $78.93. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

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.