St. Louis Financial Planners Asset Management LLC Lowers Position in PayPal Holdings, Inc.

St. Louis Financial Planners Asset Management LLC has decreased its investment in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 43.9% during the fourth quarter, as reported in their latest filing with the SEC. After selling 7,828 shares, the firm now holds 10,010 shares of the credit services provider's stock. This reduction now means that PayPal constitutes approximately 0.6% of St. Louis Financial Planners Asset Management LLC's overall portfolio, making it the 26th largest holding in their portfolio. As of the end of the last quarter, the value of St. Louis Financial Planners Asset Management LLC's stake in PayPal was $854,000.

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Other institutional investors have also recently adjusted their holdings of PayPal. For instance, Mizuho Securities USA LLC significantly increased its stake in PayPal by a staggering 12,919.4% in the third quarter, acquiring a total of 10,500,000 shares, valued at $819,315,000 after buying an additional 10,419,351 shares. Additionally, FMR LLC raised its investment by 86.3%, owning 16,762,080 shares worth $1,307,945,000 after acquiring an extra 7,767,072 shares. Meanwhile, World Investment Advisors LLC initiated a new position in PayPal during the third quarter, estimated at about $387,435,000. Clearbridge Investments LLC also increased its stake by 28.1%, now possessing 8,511,242 shares valued at $493,907,000 following a purchase of 1,866,925 shares. Moreover, International Assets Investment Management LLC notably lifted its position by 9,864.9% in the third quarter, leading to ownership of 1,119,262 shares valued at $87,336,000 after acquiring an extra 1,108,030 shares. Overall, institutional investors hold approximately 68.32% of PayPal's total stock.

PayPal Price Performance

As of Thursday, shares of PYPL opened at $89.64. The 50-day moving average price hovers around $86.91, while the 200-day moving average stands at $76.31. PayPal has a market capitalization of $89.87 billion, a price-to-earnings (P/E) ratio of 21.39, a price-to-earnings growth (PEG) ratio of 1.42, and a beta of 1.44. The company's quick ratio is 1.25, with a current ratio also at 1.25 and a debt-to-equity ratio of 0.49. Over the past fifty-two weeks, PayPal's stock has witnessed a low of $55.77 and a high of $93.66.

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Recently, PayPal announced its quarterly earnings on Tuesday, October 29th. The company posted earnings per share (EPS) of $1.20 for the quarter, which exceeded analysts' expectations of $1.07 by $0.13. The total revenue for the quarter was $7.85 billion, slightly below the consensus estimate of $7.88 billion. PayPal's return on equity was reported at 23.44%, with a net margin of 14.08%. Year-over-year, the revenue was up by 6.0%. This time last year, PayPal's EPS was recorded at $0.97. Analysts predict that PayPal Holdings, Inc. is likely to report an EPS of 4.57 for the ongoing fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports regarding PayPal's stock. Mizuho increased their price target from $90.00 to $100.00, giving the stock an "outperform" rating as of October 14th. Citigroup also lifted their price target on PayPal to $97.00 and assigned it a "buy" rating. In another update, Monness Crespi & Hardt raised the target price from $95.00 to $110.00, maintaining a "buy" rating. Conversely, Needham & Company LLC reiterated a "hold" rating on PayPal's stock in a report dated October 30th. On November 1st, Phillip Securities restated an "accumulate" rating and increased the price target to $90.00 from the previous $80.00. Currently, a total of fourteen equity research analysts have rated PayPal with a hold rating, while twenty-one have assigned a buy rating, and one has issued a strong buy rating. According to MarketBeat, the stock holds a consensus rating of "Moderate Buy" with an average price target of $89.16.

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View Our Latest Analysis on PayPal

About PayPal

(Free Report) PayPal Holdings, Inc. operates a technology platform that facilitates digital payments for both merchants and consumers around the globe. The company maintains a vast two-sided network that connects users and merchants, allowing seamless transactions for sending and receiving payments both online and in person. It enables users to transfer and withdraw funds through various sources, including bank accounts, PayPal or Venmo accounts, as well as PayPal and Venmo-branded credit products, installment products, credit and debit cards, cryptocurrencies, and other stored value options such as gift cards and eligible rewards.

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