Atria Wealth Solutions Inc. Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atria Wealth Solutions Inc. lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,478 shares of the credit services provider’s stock after selling 276 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in PayPal were worth $3,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal during the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp boosted its holdings in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the period. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PYPL. Morgan Stanley dropped their price objective on shares of PayPal from $90.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, February 5th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Wells Fargo & Company lifted their price objective on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, BMO Capital Markets increased their target price on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Thirteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.52.

PayPal Trading Down 3.5 %

Shares of PayPal stock opened at $74.95 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $74.14 billion, a PE ratio of 18.69, a P/E/G ratio of 1.28 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company’s fifty day simple moving average is $85.50 and its 200-day simple moving average is $80.53.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. PayPal’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 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.