tru Independence LLC Has $259,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

tru Independence LLC lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,032 shares of the credit services provider’s stock after selling 236 shares during the quarter. tru Independence LLC’s holdings in PayPal were worth $259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. grew its holdings in PayPal by 35.4% during the 2nd quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock worth $8,545,000 after acquiring an additional 38,488 shares during the period. Public Sector Pension Investment Board grew its holdings in PayPal by 49.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 46,228 shares of the credit services provider’s stock worth $2,683,000 after acquiring an additional 15,316 shares during the period. APG Asset Management N.V. grew its stake in PayPal by 165.2% during the second quarter. APG Asset Management N.V. now owns 123,808 shares of the credit services provider’s stock worth $6,704,000 after purchasing an additional 77,124 shares during the period. Maverick Capital Ltd. acquired a new stake in PayPal during the second quarter worth approximately $733,000. Finally, Algert Global LLC acquired a new stake in PayPal during the second quarter worth approximately $435,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PYPL. Piper Sandler raised their price objective on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday. Stephens raised their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Macquarie lifted their price target on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Morgan Stanley lifted their price target on shares of PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, 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 report on Monday, December 9th. 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. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Price Performance

PayPal stock opened at $88.02 on Monday. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month 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 simple moving average is $87.76 and its 200 day simple moving average is $78.05. The company has a market cap of $88.24 billion, a price-to-earnings ratio of 20.92, a PEG 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 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.58 EPS 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.