Vision Capital Management Inc. Has $1.51 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Vision Capital Management Inc. cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,684 shares of the credit services provider’s stock after selling 1,253 shares during the quarter. Vision Capital Management Inc.’s holdings in PayPal were worth $1,509,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton raised its stake in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC raised its stake in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp raised its stake 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 worth $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its stake in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group increased their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Monness Crespi & Hardt raised their price objective on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Piper Sandler raised their price objective on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, Phillip Securities reissued an “accumulate” rating and set a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. 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 company. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $89.29.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $79.20 on Thursday. The stock’s 50 day moving average is $88.01 and its 200-day moving average is $79.39. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The firm has a market capitalization of $79.40 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.49 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. PayPal’s revenue was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

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.