FourThought Financial Partners LLC Has $3.12 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

FourThought Financial Partners LLC reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 36,548 shares of the credit services provider’s stock after selling 240 shares during the quarter. FourThought Financial Partners LLC’s holdings in PayPal were worth $3,119,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its stake in shares of PayPal by 11.4% in the third quarter. Allworth Financial LP now owns 5,727 shares of the credit services provider’s stock valued at $447,000 after buying an additional 588 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of PayPal by 40.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 73,537 shares of the credit services provider’s stock worth $5,738,000 after purchasing an additional 21,002 shares during the period. Financial Management Professionals Inc. increased its position 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 during the period. State of Alaska Department of Revenue lifted its holdings in PayPal by 4.4% in the third quarter. State of Alaska Department of Revenue now owns 118,762 shares of the credit services provider’s stock valued at $9,266,000 after buying an additional 5,005 shares during the period. Finally, J.W. Cole Advisors Inc. grew its holdings in PayPal by 62.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,348 shares of the credit services provider’s stock worth $807,000 after acquiring an additional 3,991 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $75.25 on Tuesday. The firm’s fifty day moving average is $84.86 and its 200 day moving average is $80.96. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The firm has a market cap of $74.44 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PYPL shares. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. UBS Group lifted their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Barclays upped their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods raised their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $90.52.

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.