Global Trust Asset Management LLC Sells 246 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Global Trust Asset Management LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,502 shares of the credit services provider’s stock after selling 246 shares during the quarter. Global Trust Asset Management LLC’s holdings in PayPal were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of PYPL. Bruce G. Allen Investments LLC increased its stake in PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares during the period. Wynn Capital LLC increased its position in shares of PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 130 shares in the last quarter. Brave Asset Management Inc. raised its holdings in shares of PayPal by 5.2% during the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after acquiring an additional 141 shares during the period. Finally, First United Bank & Trust raised its holdings in shares of PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

PayPal stock opened at $89.77 on Wednesday. The stock’s 50 day moving average is $87.50 and its 200-day moving average is $77.20. The company has a market capitalization of $90.00 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.57 and a beta of 1.44. 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 announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on PYPL. Phillip Securities reiterated an “accumulate” rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Mizuho upped their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Keefe, Bruyette & Woods lifted their target price on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Fourteen 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.