Franklin Street Advisors Inc. NC Sells 9,705 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Franklin Street Advisors Inc. NC trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 53.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,592 shares of the credit services provider’s stock after selling 9,705 shares during the period. Franklin Street Advisors Inc. NC’s holdings in PayPal were worth $733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PYPL. Quest Partners LLC raised its stake in shares of PayPal by 198.9% in the second quarter. Quest Partners LLC now owns 10,957 shares of the credit services provider’s stock worth $636,000 after acquiring an additional 7,291 shares during the last quarter. Choreo LLC increased its holdings in shares of PayPal by 284.4% in the second quarter. Choreo LLC now owns 21,128 shares of the credit services provider’s stock valued at $1,222,000 after purchasing an additional 15,631 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in PayPal by 13.4% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 8,774 shares of the credit services provider’s stock worth $509,000 after purchasing an additional 1,037 shares during the last quarter. Andra AP fonden lifted its holdings in PayPal by 50.9% during the 2nd quarter. Andra AP fonden now owns 90,769 shares of the credit services provider’s stock worth $5,267,000 after buying an additional 30,600 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in PayPal by 2.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 12,229 shares of the credit services provider’s stock valued at $710,000 after buying an additional 259 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Monness Crespi & Hardt upped their price target on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Robert W. Baird upped their target price on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $88.65.

PayPal Stock Down 5.7 %

Shares of PayPal stock traded down $4.98 on Friday, reaching $82.96. 4,471,505 shares of the company were exchanged, compared to its average volume of 6,241,373. The company has a market capitalization of $83.17 billion, a price-to-earnings ratio of 19.80, a PEG 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. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The company has a 50-day moving average of $86.51 and a 200 day moving average of $75.52.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results 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 firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the firm posted $0.97 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

PayPal 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.