PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Global Trust Asset Management LLC

Global Trust Asset Management LLC reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,502 shares of the credit services provider’s stock after selling 246 shares during the quarter. Global Trust Asset Management LLC’s holdings in PayPal were worth $470,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its position in shares of PayPal by 29.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 23,112 shares of the credit services provider’s stock worth $1,341,000 after purchasing an additional 5,251 shares in the last quarter. AE Wealth Management LLC grew its position in PayPal by 14.3% in the second quarter. AE Wealth Management LLC now owns 27,523 shares of the credit services provider’s stock worth $1,597,000 after acquiring an additional 3,448 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in PayPal by 2.5% in the second quarter. Pacer Advisors Inc. now owns 128,170 shares of the credit services provider’s stock worth $7,438,000 after purchasing an additional 3,130 shares in the last quarter. Sei Investments Co. increased its holdings in shares of PayPal by 35.4% during the 2nd quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock valued at $8,545,000 after acquiring an additional 38,488 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its holdings in PayPal by 20,552.6% during the second quarter. Frank Rimerman Advisors LLC now owns 11,772 shares of the credit services provider’s stock valued at $683,000 after purchasing an additional 11,715 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 2.2 %

Shares of PayPal stock opened at $89.77 on Wednesday. The business has a fifty day simple moving average of $87.50 and a 200 day simple moving average of $77.20. The stock has a market cap of $90.00 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during 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 company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 EPS. Research analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PYPL shares. The Goldman Sachs Group lifted their price objective on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Macquarie lifted their price objective on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Citigroup upped their target price on shares of PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Morgan Stanley lifted their price objective on PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.