Newbridge Financial Services Group Inc. Lowers Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Newbridge Financial Services Group Inc. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 75.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 644 shares of the credit services provider’s stock after selling 1,940 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in PayPal were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the third quarter worth $26,000. Rosenberg Matthew Hamilton lifted its stake in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Planning Capital Management Corp grew its position in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Performance

PYPL stock opened at $78.24 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The business has a 50-day moving average price of $87.52 and a 200 day moving average price of $79.79. The company has a market capitalization of $77.40 billion, a P/E ratio of 19.51, a PEG ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last posted 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 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the business posted $1.48 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price target on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Canaccord Genuity Group raised their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their price target on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Macquarie lifted their price objective on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Citigroup upped their target price on shares of PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.52.

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.