Prospect Financial Services LLC Sells 1,850 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Prospect Financial Services LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,963 shares of the credit services provider’s stock after selling 1,850 shares during the period. PayPal accounts for 3.2% of Prospect Financial Services LLC’s portfolio, making the stock its 8th largest position. Prospect Financial Services LLC’s holdings in PayPal were worth $5,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC raised its holdings 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 during the period. World Investment Advisors LLC acquired a new stake in shares of PayPal during the third quarter worth $387,435,000. United Advisor Group LLC acquired a new stake in shares of PayPal during the third quarter worth $810,000. FCG Investment Co acquired a new stake in shares of PayPal during the third quarter worth $1,079,000. Finally, Equity Investment Corp raised its holdings 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 during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ:PYPL opened at $90.24 on Tuesday. 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 twelve month low of $55.77 and a twelve month high of $93.66. The firm has a market cap of $90.47 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The company has a 50-day moving average of $87.76 and a 200-day moving average of $78.05.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts forecast that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Susquehanna increased their target price on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. UBS Group upped their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Stephens upped their price target on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.48.

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.