Green Alpha Advisors LLC Sells 377 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Green Alpha Advisors LLC cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,160 shares of the credit services provider’s stock after selling 377 shares during the period. Green Alpha Advisors LLC’s holdings in PayPal were worth $1,123,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PYPL. Aprio Wealth Management LLC bought a new position in shares of PayPal during the 4th quarter worth about $226,000. Czech National Bank lifted its stake in PayPal by 4.4% during the fourth quarter. Czech National Bank now owns 217,371 shares of the credit services provider’s stock worth $18,553,000 after purchasing an additional 9,111 shares during the period. Graypoint LLC boosted its holdings in PayPal by 10.6% during the fourth quarter. Graypoint LLC now owns 5,380 shares of the credit services provider’s stock valued at $459,000 after purchasing an additional 515 shares in the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Finally, ORG Wealth Partners LLC raised its holdings in shares of PayPal by 51.0% in the 4th quarter. ORG Wealth Partners LLC now owns 3,427 shares of the credit services provider’s stock worth $292,000 after buying an additional 1,157 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Oppenheimer started coverage on shares of PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. 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 research report on Wednesday, October 30th. Morgan Stanley boosted their price target on shares of PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Monness Crespi & Hardt raised their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.65.

PayPal Stock Down 5.2 %

PayPal stock opened at $83.36 on Monday. The firm has a market capitalization of $83.57 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.66 and a beta of 1.44. The company’s 50 day simple moving average is $86.64 and its 200 day simple moving average is $75.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current 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.