Douglas Lane & Associates LLC Sells 14,492 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Douglas Lane & Associates LLC decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 795,899 shares of the credit services provider’s stock after selling 14,492 shares during the period. Douglas Lane & Associates LLC owned about 0.08% of PayPal worth $67,930,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PYPL. Bruce G. Allen Investments LLC increased its holdings in PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after buying an additional 124 shares during the last quarter. First United Bank & Trust increased its stake in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares in the last quarter. Ritholtz Wealth Management raised its holdings in PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 152 shares during the period. Laraway Financial Advisors Inc lifted its position in PayPal by 3.8% during the third quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider’s stock valued at $330,000 after purchasing an additional 154 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC grew its holdings in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PYPL shares. Barclays lifted their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Piper Sandler reaffirmed a “neutral” rating and set a $88.00 price target on shares of PayPal in a report on Friday, November 22nd. JPMorgan Chase & Co. increased their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt lifted their target price on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.65.

PayPal Trading Down 0.1 %

Shares of PayPal stock traded down $0.10 during trading on Wednesday, hitting $87.87. The stock had a trading volume of 3,401,130 shares, compared to its average volume of 5,907,442. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s fifty day simple moving average is $86.15 and its 200-day simple moving average is $75.34. The stock has a market cap of $88.09 billion, a PE ratio of 20.97, a PEG ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 last year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.57 EPS 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.