Dillon & Associates Inc. Has $568,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Dillon & Associates Inc. lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,687 shares of the credit services provider’s stock after selling 789 shares during the period. Dillon & Associates Inc.’s holdings in PayPal were worth $568,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp raised its holdings in PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after purchasing an additional 116 shares during the period. Rosenberg Matthew Hamilton raised its holdings in PayPal by 67.6% in the 4th 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 period. JFS Wealth Advisors LLC raised its holdings in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 125 shares during the period. Wynn Capital LLC raised its holdings in PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after purchasing an additional 130 shares during the period. Finally, Avalon Trust Co raised its holdings in PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Robert W. Baird decreased their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Finally, Macquarie raised their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average price target of $90.03.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

PayPal Stock Performance

PayPal stock opened at $70.19 on Monday. The company has a 50 day moving average price of $78.19 and a 200-day moving average price of $80.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a market capitalization of $69.43 billion, a PE ratio of 17.50, a P/E/G ratio of 1.27 and a beta of 1.52.

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