Sheaff Brock Investment Advisors LLC Sells 2,820 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Sheaff Brock Investment Advisors LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,977 shares of the credit services provider’s stock after selling 2,820 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in PayPal were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of PYPL. Good Life Advisors LLC raised its position in shares of PayPal by 14.7% during the third quarter. Good Life Advisors LLC now owns 6,151 shares of the credit services provider’s stock worth $480,000 after acquiring an additional 786 shares during the last quarter. Global Retirement Partners LLC increased its position in PayPal by 17.5% in the third quarter. Global Retirement Partners LLC now owns 8,285 shares of the credit services provider’s stock worth $646,000 after purchasing an additional 1,232 shares during the period. Bleakley Financial Group LLC raised its holdings in PayPal by 4.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 16,041 shares of the credit services provider’s stock worth $1,252,000 after purchasing an additional 704 shares during the last quarter. Marshall Financial Group LLC acquired a new position in PayPal during the 3rd quarter valued at about $254,000. Finally, Trust Co. of Vermont boosted its stake in shares of PayPal by 2.7% in the 3rd quarter. Trust Co. of Vermont now owns 25,596 shares of the credit services provider’s stock valued at $1,997,000 after purchasing an additional 685 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on PYPL. UBS Group boosted their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Piper Sandler upped their price objective on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, January 24th. BMO Capital Markets increased their target price on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, Monness Crespi & Hardt boosted their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Thirteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Price Performance

NASDAQ PYPL opened at $77.97 on Friday. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The firm’s 50 day moving average is $86.42 and its 200-day moving average is $80.14. The company has a market capitalization of $77.13 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

About PayPal

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.