Sage Capital Advisors llc Has $1.87 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sage Capital Advisors llc trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,938 shares of the credit services provider’s stock after selling 478 shares during the period. Sage Capital Advisors llc’s holdings in PayPal were worth $1,872,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. World Investment Advisors LLC bought a new stake in PayPal in the third quarter valued at approximately $387,435,000. United Advisor Group LLC acquired a new position in shares of PayPal in the third quarter valued at $810,000. FCG Investment Co bought a new position in shares of PayPal in the third quarter valued at about $1,079,000. Equity Investment Corp lifted its stake in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after buying an additional 67,497 shares during the last quarter. Finally, Weil Company Inc. boosted its holdings in shares of PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after buying an additional 17,003 shares during the period. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their target price for the company from $86.00 to $103.00 in a research report on Monday, December 9th. UBS Group raised their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, 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. Fourteen equities 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $88.65.

PayPal Trading Down 4.9 %

PYPL traded down $4.30 during midday trading on Friday, hitting $83.64. 6,871,267 shares of the company were exchanged, compared to its average volume of 6,706,557. The firm’s 50 day moving average price is $86.51 and its 200-day moving average price is $75.52. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The firm has a market capitalization of $83.85 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.66 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last announced 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 return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal 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.