PayPal Holdings, Inc. (NASDAQ:PYPL) Position Lowered by Surience Private Wealth LLC

Surience Private Wealth LLC lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 51,524 shares of the credit services provider’s stock after selling 2,626 shares during the quarter. PayPal comprises approximately 5.7% of Surience Private Wealth LLC’s holdings, making the stock its 8th largest holding. Surience Private Wealth LLC’s holdings in PayPal were worth $4,398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the third quarter valued at about $26,000. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. SYSTM Wealth Solutions LLC raised its holdings in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the period. Sugarloaf Wealth Management LLC lifted its position in PayPal by 344.3% during 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 in the last quarter. Finally, Planning Capital Management Corp boosted its holdings in PayPal by 186.1% in 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. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ PYPL opened at $89.64 on Thursday. The company has a 50 day simple moving average of $86.91 and a 200-day simple moving average of $76.31. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The firm has a market capitalization of $89.87 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business posted $0.97 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PYPL. Morgan Stanley boosted their target price on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods boosted their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Stephens raised their target price on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Robert W. Baird boosted their price target on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities restated an “accumulate” rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $89.16.

PayPal Company 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.