Brown Financial Advisors Sells 4,382 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Brown Financial Advisors trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,978 shares of the credit services provider’s stock after selling 4,382 shares during the period. Brown Financial Advisors’ holdings in PayPal were worth $1,278,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new position in PayPal in the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% during the fourth 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 last quarter. Sugarloaf Wealth Management LLC grew its stake 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 acquiring an additional 272 shares in the last quarter. Planning Capital Management Corp increased its holdings in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in PayPal by 125.3% in the 3rd 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. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.4 %

PYPL stock opened at $75.25 on Tuesday. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The firm’s 50-day moving average is $84.86 and its 200 day moving average is $80.96. The company has a market capitalization of $74.44 billion, a PE ratio of 18.77, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the firm earned $1.48 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley restated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. BMO Capital Markets upped their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. UBS Group raised their target price on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Canaccord Genuity Group upped their price target on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

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.