Hennion & Walsh Asset Management Inc. Has $522,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Hennion & Walsh Asset Management Inc. cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,112 shares of the credit services provider’s stock after selling 148 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in PayPal were worth $522,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in PayPal in the third quarter valued at about $387,435,000. United Advisor Group LLC acquired a new stake in PayPal in the third quarter valued at about $810,000. FCG Investment Co acquired a new stake in PayPal in the third quarter valued at about $1,079,000. Equity Investment Corp boosted its stake in PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. boosted its stake in PayPal by 68.9% in the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after buying an additional 17,003 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on PYPL. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research report on Friday, December 13th. Mizuho increased their target price on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. BMO Capital Markets increased their target price on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer began coverage on PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.32.

PayPal Stock Performance

Shares of PayPal stock opened at $91.81 on Tuesday. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The firm has a market capitalization of $92.04 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.42 and a beta of 1.44. The business has a 50-day simple moving average of $87.40 and a 200 day simple moving average of $76.97. 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 issued its 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. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the company posted $0.97 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

PayPal Company 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.