Atwood & Palmer Inc. Sells 99,659 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Atwood & Palmer Inc. lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,094 shares of the credit services provider’s stock after selling 99,659 shares during the period. Atwood & Palmer Inc.’s holdings in PayPal were worth $21,516,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC lifted its position in shares of PayPal by 56.5% during the second quarter. Intech Investment Management LLC now owns 43,608 shares of the credit services provider’s stock valued at $2,531,000 after purchasing an additional 15,736 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in PayPal by 29.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 23,112 shares of the credit services provider’s stock valued at $1,341,000 after buying an additional 5,251 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of PayPal by 14.3% during the 2nd quarter. AE Wealth Management LLC now owns 27,523 shares of the credit services provider’s stock worth $1,597,000 after buying an additional 3,448 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of PayPal by 2.5% in the 2nd quarter. Pacer Advisors Inc. now owns 128,170 shares of the credit services provider’s stock worth $7,438,000 after buying an additional 3,130 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of PayPal by 35.4% in the second quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock valued at $8,545,000 after acquiring an additional 38,488 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PYPL. Wells Fargo & Company lifted their price target on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Oppenheimer began coverage on shares of PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets increased their target price on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.32.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $91.81 on Tuesday. The company’s fifty day moving average price is $87.40 and its 200-day moving average price is $76.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $92.04 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.57 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal 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.