Nisa Investment Advisors LLC Sells 774 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Nisa Investment Advisors LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,833 shares of the credit services provider’s stock after selling 774 shares during the period. Nisa Investment Advisors LLC’s holdings in PayPal were worth $28,066,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

PYPL has been the topic of several research analyst reports. Mizuho boosted their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Citigroup boosted their price target on shares of PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Susquehanna raised their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Oppenheimer began coverage on shares of PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.32.

PayPal Stock Up 0.1 %

Shares of NASDAQ:PYPL opened at $89.85 on Thursday. The firm has a market capitalization of $90.08 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.57 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 firm has a fifty day moving average of $87.57 and a 200 day moving average of $77.41.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

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.