Harbor Investment Advisory LLC Sells 896 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Harbor Investment Advisory LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,911 shares of the credit services provider’s stock after selling 896 shares during the period. Harbor Investment Advisory LLC’s holdings in PayPal were worth $1,187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Relyea Zuckerberg Hanson LLC grew its stake in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after acquiring an additional 3,976 shares during the period. World Investment Advisors LLC bought a new position in PayPal during the third quarter worth about $387,435,000. United Advisor Group LLC purchased a new position in shares of PayPal in the third quarter worth about $810,000. FCG Investment Co bought a new stake in shares of PayPal in the third quarter valued at approximately $1,079,000. Finally, Equity Investment Corp lifted its stake in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

NASDAQ:PYPL opened at $91.81 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The business has a 50 day moving average price of $87.40 and a 200-day moving average price of $76.97. The firm has a market cap of $92.04 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PYPL. Wells Fargo & Company boosted their target price on shares of PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Oppenheimer initiated coverage on PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Piper Sandler restated a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group upped their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.32.

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.