PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,667 shares of the credit services provider’s stock after selling 3,423 shares during the period. Fragasso Financial Advisors Inc’s holdings in PayPal were worth $2,788,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Mizuho Securities USA LLC grew its holdings in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares during the period. FMR LLC grew its holdings in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. World Investment Advisors LLC acquired a new position in PayPal during the third quarter worth about $387,435,000. Primecap Management Co. CA boosted its position in shares of PayPal by 180.7% in the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after purchasing an additional 3,184,160 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ PYPL traded down $0.01 on Monday, hitting $83.35. 3,831,465 shares of the stock traded hands, compared to its average volume of 6,956,789. The business’s fifty day moving average is $86.64 and its two-hundred day moving average is $75.92. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The firm has a market capitalization of $83.56 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.66 and a beta of 1.44. 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 announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the company earned $0.97 earnings per share. PayPal’s revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PYPL shares. Susquehanna increased their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and increased their price target for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. BMO Capital Markets raised their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, Macquarie raised their price objective on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.65.

PayPal 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.