PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Trimmed by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 50.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 900 shares of the credit services provider’s stock after selling 904 shares during the period. Future Financial Wealth Managment LLC’s holdings in PayPal were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wedmont Private Capital boosted its position in shares of PayPal by 9.1% during the fourth quarter. Wedmont Private Capital now owns 5,972 shares of the credit services provider’s stock worth $498,000 after buying an additional 498 shares during the period. CHICAGO TRUST Co NA grew its stake in shares of PayPal by 13.9% in the fourth quarter. CHICAGO TRUST Co NA now owns 3,693 shares of the credit services provider’s stock worth $315,000 after purchasing an additional 452 shares in the last quarter. Trust Co. of Toledo NA OH raised its stake in shares of PayPal by 11.9% during the fourth quarter. Trust Co. of Toledo NA OH now owns 6,843 shares of the credit services provider’s stock valued at $584,000 after purchasing an additional 725 shares in the last quarter. Fiduciary Alliance LLC lifted its holdings in PayPal by 9.9% in the fourth quarter. Fiduciary Alliance LLC now owns 97,330 shares of the credit services provider’s stock worth $8,307,000 after purchasing an additional 8,780 shares during the period. Finally, Aprio Wealth Management LLC bought a new position in PayPal in the 4th quarter valued at about $226,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PYPL. JPMorgan Chase & Co. increased their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Robert W. Baird lifted their price target on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Stephens increased their price objective on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. UBS Group increased 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. Finally, Barclays raised their price target on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Fourteen 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.65.

PayPal Trading Up 0.1 %

Shares of PayPal stock traded up $0.07 during midday trading on Monday, reaching $83.43. The company had a trading volume of 4,358,846 shares, compared to its average volume of 7,020,095. The firm has a market cap of $83.64 billion, a PE ratio of 19.91, a P/E/G ratio of 1.66 and a beta of 1.44. The stock has a fifty day moving average price of $86.64 and a 200 day moving average price of $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 posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 earnings per share. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current 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.