McGuire Investment Group LLC Sells 4,323 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

McGuire Investment Group LLC decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 37.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,154 shares of the credit services provider’s stock after selling 4,323 shares during the quarter. McGuire Investment Group LLC’s holdings in PayPal were worth $611,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PYPL. Park Place Capital Corp boosted its holdings in shares of PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after purchasing an additional 116 shares in the last quarter. Bruce G. Allen Investments LLC boosted its holdings in shares of PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 124 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Wynn Capital LLC boosted its holdings in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after acquiring an additional 130 shares in the last quarter. Finally, Brave Asset Management Inc. boosted its holdings in shares of PayPal by 5.2% during the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $89.11 on Friday. The company has a market capitalization of $89.34 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. 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 52-week low of $55.77 and a 52-week high of $93.66. The business has a 50-day simple moving average of $87.70 and a two-hundred day simple moving average of $77.58.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s quarterly 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. Research analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PYPL. Piper Sandler raised their price objective on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Friday. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Canaccord Genuity Group raised their price objective on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Stephens raised their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Fourteen 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.48.

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.