Apriem Advisors Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Apriem Advisors reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 162,094 shares of the credit services provider’s stock after selling 9,533 shares during the quarter. PayPal comprises about 1.6% of Apriem Advisors’ portfolio, making the stock its 17th largest holding. Apriem Advisors’ holdings in PayPal were worth $13,835,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal in the third quarter worth $26,000. Rosenberg Matthew Hamilton increased its position in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC raised its stake in 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 acquiring an additional 272 shares during the last quarter. Planning Capital Management Corp lifted its position in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in PayPal during the 3rd quarter valued at about $36,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PayPal stock opened at $72.05 on Thursday. The firm has a market cap of $71.27 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The business’s fifty day simple moving average is $84.25 and its 200-day simple moving average is $80.96.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PYPL shares. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research note on Friday, December 13th. Keefe, Bruyette & Woods raised their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday. Macquarie raised their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Morgan Stanley boosted their target price on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday. Fourteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.55.

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.