Aljian Capital Management LLC Sells 165 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Aljian Capital Management LLC decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,170 shares of the credit services provider’s stock after selling 165 shares during the period. Aljian Capital Management LLC’s holdings in PayPal were worth $612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Relyea Zuckerberg Hanson LLC increased its stake in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares during the period. World Investment Advisors LLC purchased a new position in shares of PayPal during the third quarter worth approximately $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal during the third quarter valued at approximately $810,000. FCG Investment Co purchased a new stake in shares of PayPal in the third quarter valued at approximately $1,079,000. Finally, Equity Investment Corp grew its stake in PayPal by 3.5% in 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 currently owned by institutional investors.

PayPal Trading Up 0.1 %

NASDAQ:PYPL opened at $76.27 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $86.91 and a 200-day simple moving average of $80.03. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a market capitalization of $75.45 billion, a P/E ratio of 19.02, a PEG ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the company earned $1.48 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Robert W. Baird decreased their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. BMO Capital Markets increased their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Finally, Susquehanna upped their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Thirteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

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.