PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Alhambra Investment Management LLC

Alhambra Investment Management LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 16,179 shares of the credit services provider’s stock after selling 238 shares during the period. Alhambra Investment Management LLC’s holdings in PayPal were worth $1,381,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% in 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. SYSTM Wealth Solutions LLC increased its holdings in shares of PayPal by 50.6% in 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 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 worth $30,000 after buying an additional 272 shares in the last quarter. Finally, Planning Capital Management Corp grew its holdings in PayPal by 186.1% in 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. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 3.3 %

PayPal stock opened at $91.81 on Friday. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $87.23 and a two-hundred day moving average price of $76.49. The stock has a market cap of $92.04 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analysts Set New Price Targets

PYPL has been the topic of several recent research reports. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Barclays boosted their price objective on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Morgan Stanley raised their price target on PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Citigroup boosted their price objective on shares of PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.32.

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.