PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,290 shares of the credit services provider’s stock after selling 1,005 shares during the period. Prime Capital Investment Advisors LLC’s holdings in PayPal were worth $1,505,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PYPL. Bruce G. Allen Investments LLC boosted its holdings in PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after buying an additional 124 shares in the last quarter. First United Bank & Trust boosted its position in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after buying an additional 145 shares in the last quarter. Ritholtz Wealth Management grew its stake in PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC increased its holdings in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Finally, First Bank & Trust raised its position in PayPal by 4.4% during the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock worth $313,000 after acquiring an additional 171 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on PYPL. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Royal Bank of Canada boosted their price target on PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. William Blair upgraded PayPal to a “hold” rating in a report on Tuesday, July 30th. UBS Group upped their target price on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer assumed coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Fifteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Stock Performance

PayPal stock opened at $85.79 on Friday. 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 Holdings, Inc. has a 12-month low of $55.28 and a 12-month high of $87.92. The firm’s fifty day moving average price is $78.25 and its 200 day moving average price is $68.76. The company has a market capitalization of $86.01 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. On average, research analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

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.