AIMZ Investment Advisors LLC Cuts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

AIMZ Investment Advisors LLC cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.1% in the 4th quarter, HoldingsChannel reports. The firm owned 54,862 shares of the credit services provider’s stock after selling 600 shares during the quarter. PayPal accounts for approximately 1.6% of AIMZ Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. AIMZ Investment Advisors LLC’s holdings in PayPal were worth $4,682,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the third quarter worth about $26,000. Rosenberg Matthew Hamilton increased its stake in shares of PayPal by 67.6% during 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 during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Planning Capital Management Corp grew its holdings in 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 during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in PayPal in the third quarter worth $36,000. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research reports. Phillip Securities reiterated an “accumulate” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Macquarie lifted their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Piper Sandler dropped their price target on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday. Robert W. Baird reduced their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Susquehanna increased their target price on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.97.

PayPal Stock Performance

PayPal stock opened at $70.73 on Friday. The firm has a fifty day simple moving average of $83.93 and a two-hundred day simple moving average of $80.89. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a market capitalization of $69.97 billion, a PE ratio of 17.64, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

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