Bard Financial Services Inc. Has $345,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bard Financial Services Inc. trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.5% during the fourth quarter, Holdings Channel reports. The firm owned 4,040 shares of the credit services provider’s stock after selling 1,175 shares during the quarter. Bard Financial Services Inc.’s holdings in PayPal were worth $345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Modus Advisors LLC bought a new stake in PayPal in the fourth quarter worth approximately $37,000. GAMMA Investing LLC increased its stake in shares of PayPal by 20.6% in the 4th quarter. GAMMA Investing LLC now owns 11,644 shares of the credit services provider’s stock valued at $994,000 after acquiring an additional 1,992 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of PayPal by 37.2% during the 4th quarter. Versant Capital Management Inc now owns 1,509 shares of the credit services provider’s stock valued at $129,000 after acquiring an additional 409 shares during the period. Principal Financial Group Inc. boosted its stake in PayPal by 2.1% during the third quarter. Principal Financial Group Inc. now owns 1,182,316 shares of the credit services provider’s stock worth $92,256,000 after acquiring an additional 24,193 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in PayPal in the third quarter worth $53,586,000. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PYPL. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research report on Friday, December 13th. Robert W. Baird increased their price target on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Canaccord Genuity Group boosted their price objective on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays increased their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Mizuho boosted their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.65.

PayPal Stock Performance

PayPal stock traded up $2.20 during mid-day trading on Monday, reaching $89.80. The company’s stock had a trading volume of 3,968,899 shares, compared to its average volume of 5,392,808. The company has a market capitalization of $90.03 billion, a P/E ratio of 21.43, a PEG ratio of 1.66 and a beta of 1.44. The firm’s fifty day moving average price is $85.87 and its two-hundred day moving average price is $74.94. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

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