PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,788 shares of the credit services provider’s stock after selling 160 shares during the quarter. Verity Asset Management Inc.’s holdings in PayPal were worth $827,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Trust Point Inc. increased its stake in PayPal by 5.7% during the fourth quarter. Trust Point Inc. now owns 5,092 shares of the credit services provider’s stock worth $435,000 after acquiring an additional 276 shares during the last quarter. F&V Capital Management LLC grew its holdings in shares of 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 purchasing an additional 3,735 shares during the period. Fourpath Capital Management LLC increased its position in PayPal by 5.1% during the 4th quarter. Fourpath Capital Management LLC now owns 3,162 shares of the credit services provider’s stock worth $270,000 after purchasing an additional 154 shares in the last quarter. Optas LLC purchased a new position in PayPal in the fourth quarter valued at approximately $228,000. Finally, One Wealth Advisors LLC lifted its position in PayPal by 12.6% during the fourth quarter. One Wealth Advisors LLC now owns 28,025 shares of the credit services provider’s stock valued at $2,392,000 after buying an additional 3,140 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on PYPL shares. Wells Fargo & Company raised their target price on shares of PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group boosted their price objective on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 target price (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Macquarie upped their price target on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $89.48.

PayPal Stock Up 1.0 %

PYPL stock opened at $89.51 on Tuesday. The stock has a market cap of $89.74 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The firm’s 50-day simple moving average is $88.16 and its 200 day simple moving average is $79.05. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. 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 (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current 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.