PayPal Holdings, Inc. (NASDAQ:PYPL) Position Trimmed by Camelot Portfolios LLC

Camelot Portfolios LLC cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,239 shares of the credit services provider’s stock after selling 793 shares during the quarter. PayPal accounts for 1.3% of Camelot Portfolios LLC’s portfolio, making the stock its 19th largest position. Camelot Portfolios LLC’s holdings in PayPal were worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its stake in shares of PayPal by 11.0% in the third quarter. Foundations Investment Advisors LLC now owns 4,243 shares of the credit services provider’s stock worth $331,000 after purchasing an additional 421 shares during the period. Sequoia Financial Advisors LLC raised its stake in PayPal by 34.4% during the third quarter. Sequoia Financial Advisors LLC now owns 25,668 shares of the credit services provider’s stock worth $2,003,000 after acquiring an additional 6,564 shares in the last quarter. International Assets Investment Management LLC grew its stake in PayPal by 9,864.9% during the third 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. Global Trust Asset Management LLC raised its position in PayPal by 9.5% in the 3rd quarter. Global Trust Asset Management LLC now owns 5,748 shares of the credit services provider’s stock valued at $449,000 after purchasing an additional 500 shares during the last quarter. Finally, Heritage Oak Wealth Advisors LLC bought a new stake in PayPal during the 3rd quarter worth about $448,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 3.5 %

Shares of NASDAQ PYPL opened at $74.95 on Friday. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $74.14 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a 50 day simple moving average of $85.50 and a 200-day simple moving average of $80.53.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Macquarie increased their price target on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their target price on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted their price target on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Thirteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $90.52.

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.