Focus Financial Network Inc. Has $674,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Focus Financial Network Inc. lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 34.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,893 shares of the credit services provider’s stock after selling 4,239 shares during the quarter. Focus Financial Network Inc.’s holdings in PayPal were worth $674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Ritholtz Wealth Management lifted its holdings in shares of PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 152 shares in the last quarter. CX Institutional lifted its stake in PayPal by 47.1% in the 3rd quarter. CX Institutional now owns 7,385 shares of the credit services provider’s stock valued at $576,000 after acquiring an additional 2,366 shares in the last quarter. Swedbank AB boosted its position in PayPal by 9.8% during the 3rd quarter. Swedbank AB now owns 695,283 shares of the credit services provider’s stock worth $54,253,000 after acquiring an additional 62,060 shares during the last quarter. Prospect Financial Services LLC grew its stake in shares of PayPal by 4.0% during the 3rd quarter. Prospect Financial Services LLC now owns 70,813 shares of the credit services provider’s stock worth $5,526,000 after acquiring an additional 2,719 shares in the last quarter. Finally, Regatta Capital Group LLC acquired a new stake in shares of PayPal in the third quarter valued at approximately $304,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $76.27 on Thursday. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The company’s 50 day moving average price is $87.17 and its two-hundred day moving average price is $80.06. The firm has a market cap of $75.45 billion, a PE ratio of 19.02, a PEG ratio of 1.29 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 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 analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.48 EPS. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent research reports. Piper Sandler raised their target price on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Barclays raised their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, February 5th. UBS Group increased their price target on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Macquarie boosted their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday. Thirteen 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.52.

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.