GHP Investment Advisors Inc. Has $1.47 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

GHP Investment Advisors Inc. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,200 shares of the credit services provider’s stock after selling 1,554 shares during the quarter. GHP Investment Advisors Inc.’s holdings in PayPal were worth $1,468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Mizuho Securities USA LLC increased its holdings in shares of PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares during the last quarter. FMR LLC boosted its position in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. World Investment Advisors LLC acquired a new position in shares of PayPal in the third quarter valued at $387,435,000. Robeco Institutional Asset Management B.V. raised its position in shares of PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after purchasing an additional 2,689,162 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after buying an additional 1,108,030 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PYPL. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Robert W. Baird dropped their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday. BMO Capital Markets boosted their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, Barclays increased their price objective on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Fourteen research 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.29.

PayPal Price Performance

PYPL stock opened at $77.31 on Friday. The stock has a market cap of $76.48 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50 day simple moving average of $87.71 and a 200 day simple moving average of $79.38. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the business earned $1.48 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

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.