Cullinan Associates Inc. Has $1.83 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Cullinan Associates Inc. cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 25.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,415 shares of the credit services provider’s stock after selling 7,300 shares during the period. Cullinan Associates Inc.’s holdings in PayPal were worth $1,828,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PYPL. Trust Point Inc. boosted its holdings in PayPal by 5.7% in the fourth quarter. Trust Point Inc. now owns 5,092 shares of the credit services provider’s stock valued at $435,000 after acquiring an additional 276 shares during the last quarter. F&V Capital Management LLC grew its holdings in PayPal by 1.7% during the 4th quarter. F&V Capital Management LLC now owns 226,875 shares of the credit services provider’s stock worth $19,364,000 after acquiring an additional 3,735 shares during the period. Fourpath Capital Management LLC raised its position in shares of PayPal by 5.1% in the 4th quarter. Fourpath Capital Management LLC now owns 3,162 shares of the credit services provider’s stock worth $270,000 after acquiring an additional 154 shares in the last quarter. Optas LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $228,000. Finally, One Wealth Advisors LLC increased its holdings in PayPal by 12.6% in the fourth quarter. One Wealth Advisors LLC now owns 28,025 shares of the credit services provider’s stock worth $2,392,000 after purchasing an additional 3,140 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on PYPL. The Goldman Sachs Group upped their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their target price on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Susquehanna lifted their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Finally, Macquarie raised their price target on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.48.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $89.51 on Tuesday. The stock’s 50-day moving average is $88.16 and its 200 day moving average is $79.05. The stock has a market cap of $89.74 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.49 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year 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 posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 14.08% and a return on equity of 23.44%. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal 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.