Udine Wealth Management Inc. Reduces Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Udine Wealth Management Inc. decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,733 shares of the credit services provider’s stock after selling 3,084 shares during the period. PayPal comprises approximately 1.3% of Udine Wealth Management Inc.’s portfolio, making the stock its 20th biggest holding. Udine Wealth Management Inc.’s holdings in PayPal were worth $2,026,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton raised its position in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the third quarter valued at approximately $26,000. Sugarloaf Wealth Management LLC raised its holdings in shares of 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 lifted its stake in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares during the period. Finally, Financial Management Professionals Inc. boosted its holdings in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Performance

PYPL stock opened at $91.81 on Friday. The company has a market cap of $92.04 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.42 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 stock’s fifty day moving average price is $87.40 and its 200-day moving average price is $76.72. 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 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 company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup raised their target price on shares of PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research report on Friday, December 13th. The Goldman Sachs Group increased their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Barclays lifted their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods increased their price objective on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $89.32.

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.