Foster Victor Wealth Advisors LLC Sells 3,533 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Foster Victor Wealth Advisors LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,283 shares of the credit services provider’s stock after selling 3,533 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in PayPal were worth $7,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PYPL. Relyea Zuckerberg Hanson LLC raised its position in PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after purchasing an additional 3,976 shares during the period. World Investment Advisors LLC purchased a new position in PayPal during the 3rd quarter valued at $387,435,000. United Advisor Group LLC purchased a new stake in PayPal in the third quarter worth $810,000. FCG Investment Co purchased a new position in PayPal in the 3rd quarter worth about $1,079,000. Finally, Equity Investment Corp increased its position in shares of PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 2.3 %

Shares of PayPal stock opened at $88.19 on Wednesday. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $88.41 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The firm has a fifty day moving average price of $87.96 and a 200 day moving average price of $78.46.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PYPL shares. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. BMO Capital Markets boosted their price target on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. UBS Group increased their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Finally, Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a report on Friday, December 13th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $89.48.

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.