Asset Dedication LLC Lowers Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Asset Dedication LLC decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,859 shares of the credit services provider’s stock after selling 157 shares during the period. Asset Dedication LLC’s holdings in PayPal were worth $159,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC lifted its holdings in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after buying an additional 7,767,072 shares during the period. Mizuho Securities USA LLC boosted its position in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. Primecap Management Co. CA grew its stake in PayPal by 21.6% in the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after purchasing an additional 1,069,356 shares during the last quarter. World Investment Advisors LLC bought a new position in PayPal in the third quarter worth about $387,435,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of PayPal by 12.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,189,947 shares of the credit services provider’s stock valued at $248,912,000 after buying an additional 364,851 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.6 %

Shares of PYPL stock opened at $88.76 on Thursday. The stock has a 50 day simple moving average of $87.96 and a 200-day simple moving average of $78.46. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The company has a market cap of $88.99 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 1.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (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 business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PYPL shares. Piper Sandler increased their target price on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Monness Crespi & Hardt raised their price objective on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Citigroup upped their target price on PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. UBS Group boosted their price target on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley increased their price objective 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. Fourteen equities 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. According to data from MarketBeat.com, PayPal has an average rating of “Moderate Buy” and an average price target of $89.48.

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.