Exchange Traded Concepts LLC Lowers Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Exchange Traded Concepts LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,240 shares of the credit services provider’s stock after selling 4,711 shares during the period. Exchange Traded Concepts LLC’s holdings in PayPal were worth $15,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of PYPL. Sei Investments Co. grew its stake in PayPal by 35.4% in the 2nd quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock valued at $8,545,000 after acquiring an additional 38,488 shares during the period. Gabelli Funds LLC grew its position in shares of PayPal by 10.1% in the second quarter. Gabelli Funds LLC now owns 36,310 shares of the credit services provider’s stock valued at $2,107,000 after purchasing an additional 3,320 shares during the period. Public Sector Pension Investment Board increased its stake in shares of PayPal by 49.5% during the second quarter. Public Sector Pension Investment Board now owns 46,228 shares of the credit services provider’s stock worth $2,683,000 after purchasing an additional 15,316 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of PayPal by 56.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 191,555 shares of the credit services provider’s stock worth $11,116,000 after purchasing an additional 68,883 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its stake in PayPal by 11.3% in the 2nd quarter. Insigneo Advisory Services LLC now owns 22,047 shares of the credit services provider’s stock valued at $1,333,000 after buying an additional 2,239 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Down 0.3 %

PYPL opened at $89.44 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $89.66 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 1.54 and a beta of 1.44. The business has a fifty day moving average price of $87.62 and a 200 day moving average price of $77.49. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating 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 analysts’ expectations of $7.88 billion. During the same quarter last year, the company earned $0.97 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their price objective on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. BMO Capital Markets increased their price objective on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and increased their target price for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.48.

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.