Intellectus Partners LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 12.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 32,764 shares of the credit services provider's stock after selling 4,651 shares during the period. Intellectus Partners LLC's holdings in PayPal were worth $2,138,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new stake in PayPal in the 4th quarter worth approximately $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal in the 4th quarter valued at $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of PayPal in the fourth quarter worth about $34,000. Pinney & Scofield Inc. bought a new stake in shares of PayPal during the 4th quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of PayPal during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 68.32% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Seaport Res Ptn downgraded shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Bank of America dropped their target price on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada dropped their target price on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $83.29.
Check Out Our Latest Analysis on PYPL
PayPal Price Performance
Shares of PYPL opened at $72.47 on Friday. The firm has a market capitalization of $70.48 billion, a PE ratio of 18.07, a PEG ratio of 1.27 and a beta of 1.51. The company's 50-day moving average is $66.69 and its 200-day moving average is $76.32. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.
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 for the quarter, beating the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
PayPal Company Profile
(
Free Report)
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.
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