Prospect Financial Services LLC reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,503 shares of the credit services provider's stock after selling 7,460 shares during the period. PayPal accounts for about 2.2% of Prospect Financial Services LLC's investment portfolio, making the stock its 13th biggest holding. Prospect Financial Services LLC's holdings in PayPal were worth $4,013,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in PayPal during the 4th quarter valued at approximately $25,000. Hurley Capital LLC acquired a new position in shares of PayPal during the fourth quarter valued at $27,000. Bernard Wealth Management Corp. acquired a new position in shares of PayPal during the fourth quarter valued at $34,000. Pinney & Scofield Inc. bought a new position in shares of PayPal during the fourth quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of PayPal in the 4th quarter worth about $38,000. 68.32% of the stock is owned by institutional investors.
PayPal Price Performance
Shares of NASDAQ:PYPL opened at $72.47 on Friday. The firm has a market cap of $70.48 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $66.69 and a 200 day simple moving average of $76.32.
PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Bank of America decreased their target price on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Monness Crespi & Hardt decreased their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 target price on shares of PayPal in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, Barclays lowered their target price on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, PayPal presently has an average rating of "Hold" and an average target price of $83.29.
Read Our Latest Research Report on PYPL
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.
Further Reading
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