Wilsey Asset Management Inc. Lowers Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Wilsey Asset Management Inc. cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 60.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 142,812 shares of the credit services provider’s stock after selling 216,415 shares during the quarter. PayPal accounts for 2.3% of Wilsey Asset Management Inc.’s holdings, making the stock its 17th largest holding. Wilsey Asset Management Inc.’s holdings in PayPal were worth $12,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Relyea Zuckerberg Hanson LLC boosted its holdings in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal in the third quarter valued at approximately $387,435,000. United Advisor Group LLC acquired a new stake in shares of PayPal in the third quarter worth approximately $810,000. FCG Investment Co purchased a new stake in shares of PayPal during the third quarter worth approximately $1,079,000. Finally, Equity Investment Corp raised its stake in PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Down 1.6 %

PayPal stock opened at $77.31 on Monday. The firm has a market capitalization of $76.48 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The stock’s fifty day simple moving average is $87.52 and its 200-day simple moving average is $79.63.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the company earned $1.48 EPS. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on PYPL. BMO Capital Markets lifted their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Susquehanna increased their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Citigroup increased their price target on PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.45.

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.