Davies Financial Advisors Inc. Lowers Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Davies Financial Advisors Inc. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 33.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,529 shares of the credit services provider’s stock after selling 2,298 shares during the period. Davies Financial Advisors Inc.’s holdings in PayPal were worth $387,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PYPL. Intech Investment Management LLC raised its position in shares of PayPal by 56.5% in the 2nd quarter. Intech Investment Management LLC now owns 43,608 shares of the credit services provider’s stock worth $2,531,000 after buying an additional 15,736 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in PayPal by 29.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 23,112 shares of the credit services provider’s stock worth $1,341,000 after acquiring an additional 5,251 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of PayPal by 14.3% in the 2nd quarter. AE Wealth Management LLC now owns 27,523 shares of the credit services provider’s stock worth $1,597,000 after purchasing an additional 3,448 shares during the period. Pacer Advisors Inc. lifted its stake in shares of PayPal by 2.5% in the 2nd quarter. Pacer Advisors Inc. now owns 128,170 shares of the credit services provider’s stock valued at $7,438,000 after purchasing an additional 3,130 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of PayPal by 35.4% during the 2nd quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock worth $8,545,000 after purchasing an additional 38,488 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PYPL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Phillip Securities restated an “accumulate” rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Piper Sandler reiterated a “neutral” rating and issued a $88.00 price target on shares of PayPal in a report on Friday, November 22nd. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Finally, Mizuho increased their target price on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $89.32.

PayPal Stock Up 3.3 %

Shares of NASDAQ:PYPL opened at $91.81 on Tuesday. The company’s fifty day moving average is $87.40 and its two-hundred day moving average is $76.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The stock has a market capitalization of $92.04 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released 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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

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.