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

Eukles Asset Management decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,009 shares of the credit services provider’s stock after selling 1,061 shares during the quarter. Eukles Asset Management’s holdings in PayPal were worth $1,366,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Soltis Investment Advisors LLC raised its holdings in shares of PayPal by 10.3% during the fourth quarter. Soltis Investment Advisors LLC now owns 2,849 shares of the credit services provider’s stock valued at $243,000 after acquiring an additional 267 shares during the period. Elevate Capital Advisors LLC acquired a new stake in PayPal during the 4th quarter valued at $1,930,000. Savant Capital LLC lifted its holdings in shares of PayPal by 147.0% in the fourth quarter. Savant Capital LLC now owns 54,072 shares of the credit services provider’s stock valued at $4,615,000 after purchasing an additional 32,183 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of PayPal by 15.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 66,474 shares of the credit services provider’s stock worth $5,674,000 after buying an additional 9,039 shares during the period. Finally, Quotient Wealth Partners LLC grew its holdings in shares of PayPal by 15.5% during the fourth quarter. Quotient Wealth Partners LLC now owns 4,192 shares of the credit services provider’s stock valued at $358,000 after buying an additional 562 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PYPL. Barclays increased their price objective on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Morgan Stanley lowered their price objective on shares of PayPal from $90.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Stephens increased their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, The Goldman Sachs Group increased their price objective on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.45.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $77.31 on Monday. The business’s 50 day moving average is $87.52 and its 200-day moving average is $79.63. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $76.48 billion, a PE ratio of 19.28, a PEG ratio of 1.29 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.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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.