Paragon Financial Partners Inc. Sells 301 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Paragon Financial Partners Inc. lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,310 shares of the credit services provider’s stock after selling 301 shares during the quarter. Paragon Financial Partners Inc.’s holdings in PayPal were worth $283,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Park Place Capital Corp lifted its holdings in PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after acquiring an additional 116 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 124 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC lifted its holdings in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 130 shares during the period. Finally, Brave Asset Management Inc. lifted its holdings in PayPal by 5.2% during the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after acquiring an additional 141 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.1 %

Shares of PYPL stock opened at $89.85 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $87.57 and a two-hundred day moving average price of $77.41. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The firm has a market cap of $90.08 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent research reports. Monness Crespi & Hardt raised their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and raised their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Piper Sandler reissued a “neutral” rating and issued a $88.00 target price on shares of PayPal in a research report on Friday, November 22nd. Stephens raised their target price on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.32.

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.