Shaker Investments LLC OH Sells 142 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Shaker Investments LLC OH decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,584 shares of the credit services provider’s stock after selling 142 shares during the quarter. Shaker Investments LLC OH’s holdings in PayPal were worth $2,354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Place Capital Corp raised its position in shares of PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after acquiring an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in PayPal by 67.6% during 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 during the period. Wynn Capital LLC raised its holdings in PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after purchasing an additional 130 shares during the last quarter. Brave Asset Management Inc. lifted its position in shares of PayPal by 5.2% in the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after purchasing an additional 141 shares during the period. Finally, First United Bank & Trust boosted its stake in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 145 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL opened at $78.24 on Tuesday. The stock has a 50 day moving average of $87.52 and a 200 day moving average of $79.79. The company has a market capitalization of $77.40 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.29 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.48 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

PYPL has been the topic of several recent analyst reports. Monness Crespi & Hardt boosted their target price on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Canaccord Genuity Group lifted their target price on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley cut their price target on PayPal from $90.00 to $79.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Susquehanna lifted their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.52.

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.