Aljian Capital Management LLC Reduces Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Aljian Capital Management LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,170 shares of the credit services provider’s stock after selling 165 shares during the period. Aljian Capital Management LLC’s holdings in PayPal were worth $612,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal in the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton lifted 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 valued at $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in 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 buying an additional 272 shares during the period. Planning Capital Management Corp increased its stake in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its holdings in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on PYPL shares. Piper Sandler boosted their price objective on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Macquarie increased their price objective on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday. Keefe, Bruyette & Woods lifted their price objective on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Phillip Securities restated an “accumulate” rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Thirteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.52.

PayPal Stock Up 0.1 %

NASDAQ PYPL opened at $76.27 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The firm has a market capitalization of $75.45 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.29 and a beta of 1.44. The company has a fifty day moving average of $86.91 and a two-hundred day moving average of $80.03.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion during 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 was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $1.48 EPS. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share 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.