Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Adjusts Its Stake in PayPal Holdings, Inc.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA has reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.3% during the fourth quarter, according to the latest filing with the SEC. Following the sale of 14,534 shares during this period, the institutional investor now owns 215,595 shares of the company’s stock, valuing their holdings at approximately $19,455,000.

Recent Trading Activity

Other hedge funds have also made adjustments to their positions in PayPal recently. For instance, Kestra Private Wealth Services LLC has increased its stake in PayPal by 15.7% in the fourth quarter, obtaining a total of 66,474 shares valued at $5,674,000 after acquiring an additional 9,039 shares. Similarly, Quotient Wealth Partners LLC also raised its holdings by 15.5%, now owning 4,192 shares worth $358,000 after buying 562 more shares. Moreover, Empowered Funds LLC has increased its investment in PayPal by 4.8%, accumulating 140,314 shares valued at $11,976,000. There were also other increases from Moloney Securities Asset Management LLC and Wilmington Savings Fund Society FSB during the same quarter, showing a slight uptick in institutional interest in PayPal. Notably, institutional investors now control 68.32% of PayPal’s stock.

Analyst Ratings Overview

PayPal has drawn attention from various research institutions lately, resulting in significant shifts in stock price targets. Barclays has lifted its target from $92.00 to $110.00 while maintaining an "overweight" rating on the stock. Susquehanna also raised their price target from $94.00 to $101.00, giving PayPal a "positive" outlook. Other firms, such as Monness Crespi & Hardt and Keefe, Bruyette & Woods, have also raised targets, indicating a favorable view on PayPal’s potential performance. Overall, PayPal has received a mixture of ratings, with the consensus being a "Moderate Buy" according to data from MarketBeat.com.

Share Performance

As of the latest trading session, PayPal's stock was reported to be trading down 1.6%, priced at $77.31. The stock has experienced a spread over the last year, with a low of $55.77 and a high of $93.66. The company now holds a market capitalization of $76.48 billion, with a PE ratio of 19.28. Notably, its trading patterns reflect a fifty-day moving average of $87.52 and a two-hundred day moving average of $79.50. The financial metrics also indicate a quick ratio of 1.25 and a current ratio of 1.26, underscoring the company’s financial health.

Recent Earnings Report

PayPal’s recent quarterly earnings, released on February 4th, showcased its performance with reported earnings of $1.19 per share, surpassing analysts' estimates of $1.11. The company generated revenue of $8.37 billion in the quarter, exceeding the projected $8.27 billion. This reflects a net margin of 13.04% and a return on equity of 23.67%, demonstrating solid financial management. Analysts project PayPal to achieve earnings of $5.03 per share for the current fiscal year, suggesting continuation of profitability.

About PayPal Holdings, Inc.

PayPal Holdings, Inc. operates a global technology platform for digital payments, catering to both merchants and consumers. The platform facilitates connections between buyers and sellers, enabling customers to send and receive payments digitally or in person using various funding sources, including bank accounts and PayPal or Venmo balances.

Loring, PayPal, Investing