AA Financial Advisors LLC Sells 565 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

AA Financial Advisors LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,118 shares of the credit services provider’s stock after selling 565 shares during the quarter. AA Financial Advisors LLC’s holdings in PayPal were worth $266,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its holdings 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 buying an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the 3rd quarter worth approximately $26,000. Sugarloaf Wealth Management LLC raised its holdings in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Planning Capital Management Corp lifted its position in shares of 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 purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in PayPal by 125.3% during the third 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 during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PYPL shares. Citigroup lifted their price target on shares of PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Piper Sandler upped their target price on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and raised their price target for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Morgan Stanley raised their target price on shares of PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $89.48.

PayPal Stock Up 0.9 %

Shares of NASDAQ PYPL opened at $89.57 on Friday. The stock has a market capitalization of $89.80 billion, a P/E ratio of 21.38, a PEG ratio of 1.49 and a beta of 1.44. The stock’s fifty day moving average is $88.04 and its 200 day moving average is $78.53. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 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 firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the firm earned $0.97 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

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.