IMS Capital Management Has $281,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

IMS Capital Management lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,292 shares of the credit services provider’s stock after selling 195 shares during the period. IMS Capital Management’s holdings in PayPal were worth $281,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rosenberg Matthew Hamilton boosted its stake in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal in the third quarter valued at about $26,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp boosted its position in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. Finally, Financial Management Professionals Inc. grew its holdings in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PYPL shares. Piper Sandler upped their price target on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Canaccord Genuity Group increased their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Citigroup boosted their price target on shares of PayPal from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley decreased their price objective on PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Price Performance

PYPL stock opened at $76.59 on Friday. The stock has a market cap of $75.77 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25. The company has a 50 day simple moving average of $86.91 and a 200 day simple moving average of $80.03. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the business earned $1.48 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 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.