Brown Lisle Cummings Inc. Lowers Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Brown Lisle Cummings Inc. lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,175 shares of the credit services provider’s stock after selling 220 shares during the period. Brown Lisle Cummings Inc.’s holdings in PayPal were worth $186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Algert Global LLC bought a new stake in PayPal in the 2nd quarter valued at $435,000. Czech National Bank increased its holdings in shares of PayPal by 4.5% in the third quarter. Czech National Bank now owns 208,260 shares of the credit services provider’s stock worth $16,251,000 after purchasing an additional 8,925 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of PayPal by 37.2% in the third quarter. GAMMA Investing LLC now owns 9,652 shares of the credit services provider’s stock worth $753,000 after buying an additional 2,616 shares in the last quarter. Diversified Trust Co bought a new position in PayPal during the third quarter valued at approximately $1,367,000. Finally, Miracle Mile Advisors LLC grew its holdings in PayPal by 35.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 15,975 shares of the credit services provider’s stock valued at $1,247,000 after buying an additional 4,188 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

PYPL opened at $77.72 on Wednesday. The firm has a market capitalization of $77.92 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The business’s 50-day moving average is $88.20 and its two-hundred day moving average is $79.26. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. 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 (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 EPS. Research analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Macquarie upped their price target on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Monness Crespi & Hardt upped their target price on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. The Goldman Sachs Group boosted their price objective on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, UBS Group raised their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.48.

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.