Sawyer & Company Inc Sells 380 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Sawyer & Company Inc decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 46.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 435 shares of the credit services provider’s stock after selling 380 shares during the quarter. Sawyer & Company Inc’s holdings in PayPal were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wolff Wiese Magana LLC grew its holdings in PayPal by 1,911.3% during the 4th quarter. Wolff Wiese Magana LLC now owns 3,379 shares of the credit services provider’s stock worth $288,000 after acquiring an additional 3,211 shares during the last quarter. Nabity Jensen Investment Management Inc grew its stake in shares of PayPal by 13.9% during the fourth quarter. Nabity Jensen Investment Management Inc now owns 3,350 shares of the credit services provider’s stock valued at $286,000 after purchasing an additional 408 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of PayPal by 226.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,713 shares of the credit services provider’s stock valued at $146,000 after purchasing an additional 1,188 shares in the last quarter. Park Avenue Securities LLC raised its position in PayPal by 41.1% in the 4th quarter. Park Avenue Securities LLC now owns 41,417 shares of the credit services provider’s stock worth $3,535,000 after purchasing an additional 12,071 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of PayPal by 41.0% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 16,179 shares of the credit services provider’s stock worth $1,381,000 after acquiring an additional 4,708 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. The Goldman Sachs Group boosted their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Robert W. Baird upped their target price on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a report on Friday, December 13th. 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.16.

PayPal Trading Up 2.8 %

PayPal stock opened at $89.64 on Thursday. 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 52 week low of $55.77 and a 52 week high of $93.66. The stock has a 50-day simple moving average of $86.91 and a 200 day simple moving average of $76.31. The stock has a market capitalization of $89.87 billion, a P/E ratio of 21.39, a PEG ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate 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 business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

PayPal Company 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.