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

Bard Financial Services Inc. reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,040 shares of the credit services provider’s stock after selling 1,175 shares during the period. Bard Financial Services Inc.’s holdings in PayPal were worth $345,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd bought a new position in PayPal in the 3rd quarter valued at about $26,000. SYSTM Wealth Solutions LLC increased its stake in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the period. Planning Capital Management Corp lifted its holdings in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in PayPal in the 3rd quarter valued at $36,000. 68.32% of the stock is owned by institutional investors.

PayPal Trading Up 2.5 %

Shares of PayPal stock traded up $2.20 during trading on Monday, hitting $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 stock has a market cap of $90.03 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The stock has a 50-day moving average price of $85.87 and a two-hundred day moving average price of $74.94. 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 released 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 analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. 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 note on Wednesday, October 30th. Morgan Stanley increased their target price on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Susquehanna lifted their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday. Finally, Stephens increased their price target on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average price target of $88.65.

PayPal 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.