Occidental Asset Management LLC Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Occidental Asset Management LLC trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,518 shares of the credit services provider’s stock after selling 1,180 shares during the quarter. Occidental Asset Management LLC’s holdings in PayPal were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PYPL. Rosenberg Matthew Hamilton grew its stake 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 during the period. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal in the 3rd quarter valued at about $26,000. Sugarloaf Wealth Management LLC lifted its holdings in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Planning Capital Management Corp boosted its position in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the period. Finally, Financial Management Professionals Inc. increased its stake in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PYPL shares. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. UBS Group raised their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and increased their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Fourteen 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.32.

PayPal Stock Performance

Shares of PYPL opened at $88.92 on Friday. The company has a market cap of $89.15 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.42 and a beta of 1.44. The business’s fifty day simple moving average is $87.08 and its two-hundred day simple moving average is $76.40. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

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, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the business earned $0.97 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal 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.