RMR Wealth Builders Reduces Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

RMR Wealth Builders cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,519 shares of the credit services provider’s stock after selling 162 shares during the quarter. RMR Wealth Builders’ holdings in PayPal were worth $471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. J.W. Cole Advisors Inc. grew its position in shares of PayPal by 36.2% in the second quarter. J.W. Cole Advisors Inc. now owns 6,357 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 1,690 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of PayPal by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock valued at $183,789,000 after acquiring an additional 409,322 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of PayPal by 50.3% in the second quarter. Citizens Financial Group Inc. RI now owns 15,754 shares of the credit services provider’s stock worth $914,000 after acquiring an additional 5,269 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of PayPal during the second quarter worth approximately $1,645,000. Finally, Axxcess Wealth Management LLC raised its stake in PayPal by 50.8% in the 2nd quarter. Axxcess Wealth Management LLC now owns 11,171 shares of the credit services provider’s stock valued at $648,000 after purchasing an additional 3,763 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on PYPL shares. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $86.00 to $103.00 in a report on Monday, December 9th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Morgan Stanley upped their target price on PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods lifted their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $89.16.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $89.64 on Thursday. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $86.91 and its 200-day moving average is $76.31. The firm has a market capitalization of $89.87 billion, a PE ratio of 21.39, a PEG ratio of 1.42 and a beta of 1.44.

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