PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,030 shares of the credit services provider’s stock after selling 810 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in PayPal were worth $1,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the third quarter valued at about $26,000. Rosenberg Matthew Hamilton boosted its holdings in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC grew its stake in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares in the last quarter. Planning Capital Management Corp increased its position in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 1.8 %

Shares of NASDAQ PYPL opened at $77.97 on Monday. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The stock has a market cap of $77.13 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The business has a 50-day moving average price of $86.42 and a 200 day moving average price of $80.25. 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 earnings results 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 company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PYPL. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research report on Friday, December 13th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Piper Sandler lifted their price objective on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their target price on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley decreased their target price on shares of PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.