Fort Washington Investment Advisors Inc. OH Sells 1,127 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Fort Washington Investment Advisors Inc. OH decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 39,941 shares of the credit services provider’s stock after selling 1,127 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in PayPal were worth $3,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC increased its stake in shares of PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 124 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Wynn Capital LLC raised its position in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 130 shares in the last quarter. Brave Asset Management Inc. increased its position in PayPal by 5.2% during the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after buying an additional 141 shares during the period. Finally, First United Bank & Trust increased its position in PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 0.1 %

NASDAQ:PYPL opened at $89.73 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $89.96 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The stock has a fifty day moving average price of $87.62 and a two-hundred day moving average price of $77.49.

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

Wall Street Analyst Weigh In

PYPL has been the topic of several analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $88.00 target price on shares of PayPal in a research note on Friday, November 22nd. Phillip Securities reissued an “accumulate” rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Morgan Stanley upped their target price on PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Mizuho upped their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Wells Fargo & Company increased their price target on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.32.

About PayPal

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.