GTS Securities LLC Has $277,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

GTS Securities LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 97.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,242 shares of the credit services provider's stock after selling 134,849 shares during the quarter. GTS Securities LLC's holdings in PayPal were worth $277,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after purchasing an additional 924 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in PayPal by 4.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 4,431 shares of the credit services provider's stock worth $378,000 after purchasing an additional 188 shares during the period. Revolve Wealth Partners LLC acquired a new stake in PayPal during the fourth quarter worth $248,000. Perigon Wealth Management LLC increased its holdings in PayPal by 67.6% in the 4th quarter. Perigon Wealth Management LLC now owns 21,306 shares of the credit services provider's stock valued at $1,895,000 after buying an additional 8,590 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in shares of PayPal by 19.8% in the 4th quarter. Hantz Financial Services Inc. now owns 41,612 shares of the credit services provider's stock valued at $3,552,000 after buying an additional 6,883 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Up 0.9%

Shares of NASDAQ PYPL traded up $0.65 during mid-day trading on Monday, hitting $70.93. The company's stock had a trading volume of 7,493,980 shares, compared to its average volume of 11,182,877. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company's fifty day simple moving average is $66.34 and its 200-day simple moving average is $76.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $68.98 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. During the same period last year, the firm earned $1.08 earnings per share. The business's revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several recent research reports. Evercore ISI initiated coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 target price on the stock. Truist Financial started coverage on PayPal in a research note on Monday. They issued a "sell" rating and a $68.00 price objective on the stock. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Friday, February 28th. Piper Sandler cut their target price on PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Compass Point assumed coverage on PayPal in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target on the stock. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $83.29.

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.