Empower Advisory Group LLC Has $81.20 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Empower Advisory Group LLC lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 951,362 shares of the credit services provider’s stock after selling 160,807 shares during the period. Empower Advisory Group LLC owned approximately 0.09% of PayPal worth $81,199,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Relyea Zuckerberg Hanson LLC increased its stake in PayPal by 113.8% during the 4th 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 in the last quarter. World Investment Advisors LLC acquired a new position in shares of PayPal during the third quarter valued at about $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal during the third quarter worth about $810,000. FCG Investment Co acquired a new stake in shares of PayPal in the 3rd quarter worth about $1,079,000. Finally, Equity Investment Corp raised its holdings in shares of PayPal by 3.5% in the 3rd 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 last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on PYPL shares. Wells Fargo & Company boosted their price objective on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Citigroup upped their price target on PayPal from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Susquehanna raised their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Barclays upped their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Stock Up 1.8 %

Shares of NASDAQ PYPL opened at $77.97 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $77.13 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.29 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The business has a 50-day simple moving average of $86.42 and a two-hundred day simple moving average of $80.36.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $1.48 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.