St. Louis Financial Planners Asset Management LLC Reduces Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

St. Louis Financial Planners Asset Management LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 43.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,010 shares of the credit services provider’s stock after selling 7,828 shares during the quarter. PayPal comprises about 0.6% of St. Louis Financial Planners Asset Management LLC’s holdings, making the stock its 26th largest position. St. Louis Financial Planners Asset Management LLC’s holdings in PayPal were worth $854,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. J.W. Cole Advisors Inc. increased its position in PayPal by 36.2% during the second quarter. J.W. Cole Advisors Inc. now owns 6,357 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 1,690 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in PayPal by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock worth $183,789,000 after purchasing an additional 409,322 shares during the period. Citizens Financial Group Inc. RI increased its holdings in PayPal by 50.3% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 15,754 shares of the credit services provider’s stock valued at $914,000 after purchasing an additional 5,269 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of PayPal in the second quarter worth about $1,645,000. Finally, Axxcess Wealth Management LLC grew its stake in shares of PayPal by 50.8% in the second quarter. Axxcess Wealth Management LLC now owns 11,171 shares of the credit services provider’s stock valued at $648,000 after buying an additional 3,763 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 2.8 %

Shares of PYPL stock opened at $89.64 on Thursday. The company has a market capitalization of $89.87 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.42 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The firm has a fifty day moving average of $86.91 and a 200-day moving average of $76.31.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PYPL shares. Barclays upped their price target on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 target price (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Robert W. Baird raised their price objective on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.16.

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.