Certuity LLC Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Certuity LLC decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,696 shares of the credit services provider’s stock after selling 309 shares during the quarter. Certuity LLC’s holdings in PayPal were worth $571,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ritholtz Wealth Management grew its holdings in PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after acquiring an additional 152 shares in the last quarter. CX Institutional raised its holdings in shares of PayPal by 47.1% in the 3rd quarter. CX Institutional now owns 7,385 shares of the credit services provider’s stock valued at $576,000 after purchasing an additional 2,366 shares in the last quarter. Swedbank AB lifted its position in shares of PayPal by 9.8% during the 3rd quarter. Swedbank AB now owns 695,283 shares of the credit services provider’s stock worth $54,253,000 after purchasing an additional 62,060 shares during the last quarter. Prospect Financial Services LLC grew its stake in shares of PayPal by 4.0% during the third quarter. Prospect Financial Services LLC now owns 70,813 shares of the credit services provider’s stock worth $5,526,000 after purchasing an additional 2,719 shares in the last quarter. Finally, Regatta Capital Group LLC purchased a new position in PayPal in the third quarter valued at $304,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. BMO Capital Markets boosted their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, Stephens upped their target price on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.52.

PayPal Stock Up 0.1 %

PYPL stock opened at $76.27 on Thursday. The stock has a market capitalization of $75.45 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The company has a fifty day moving average of $87.17 and a 200-day moving average of $80.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the firm earned $1.48 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 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.