Matrix Asset Advisors Inc. NY Lowers Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Matrix Asset Advisors Inc. NY trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,063 shares of the credit services provider’s stock after selling 10,245 shares during the quarter. PayPal accounts for approximately 2.0% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 20th largest holding. Matrix Asset Advisors Inc. NY’s holdings in PayPal were worth $18,270,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton raised its holdings in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp grew its holdings in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its position in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 1.3 %

NASDAQ:PYPL opened at $90.24 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average of $87.76 and a 200-day moving average of $78.05. The firm has a market capitalization of $90.47 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the business earned $0.97 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. Analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Macquarie increased their price target on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods lifted their price objective on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Monness Crespi & Hardt increased their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a report on Friday, December 13th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given 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 “Moderate Buy” and a consensus price target of $89.48.

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.