YHB Investment Advisors Inc. Cuts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

YHB Investment Advisors Inc. cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,972 shares of the credit services provider’s stock after selling 350 shares during the period. YHB Investment Advisors Inc.’s holdings in PayPal were worth $1,107,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Algert Global LLC acquired a new stake in PayPal during the 2nd quarter worth approximately $435,000. Creative Planning increased its position in shares of PayPal by 3.4% in the second quarter. Creative Planning now owns 307,093 shares of the credit services provider’s stock worth $17,821,000 after acquiring an additional 10,034 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of PayPal by 14.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 20,334 shares of the credit services provider’s stock valued at $1,180,000 after acquiring an additional 2,503 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of PayPal by 10.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 11,053 shares of the credit services provider’s stock valued at $641,000 after acquiring an additional 1,075 shares in the last quarter. Finally, Greenvale Capital LLP boosted its position in PayPal by 24.4% during the 2nd quarter. Greenvale Capital LLP now owns 2,675,000 shares of the credit services provider’s stock worth $155,230,000 after purchasing an additional 525,000 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PYPL. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Citigroup lifted their price target on shares of PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. UBS Group upped their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley increased their price target on PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.48.

PayPal Price Performance

NASDAQ PYPL opened at $88.19 on Wednesday. The company has a 50-day moving average price of $87.87 and a two-hundred day moving average price of $78.27. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The stock has a market cap of $88.41 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. 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 issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. Analysts forecast that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

PayPal Company 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.