Birch Capital Management LLC Sells 1,355 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Birch Capital Management LLC lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 57.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 990 shares of the credit services provider’s stock after selling 1,355 shares during the quarter. Birch Capital Management LLC’s holdings in PayPal were worth $66,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Resurgent Financial Advisors LLC acquired a new stake in PayPal in the 4th quarter valued at approximately $29,000. Lauer Wealth LLC acquired a new stake in shares of PayPal in the first quarter worth $31,000. Dakota Community Bank & Trust NA raised its stake in PayPal by 168.8% during the 1st quarter. Dakota Community Bank & Trust NA now owns 422 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 265 shares during the last quarter. ZRC Wealth Management LLC bought a new stake in PayPal in the 1st quarter valued at $32,000. Finally, Dark Forest Capital Management LP bought a new position in shares of PayPal during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $62.94 on Tuesday. The stock has a market capitalization of $69.11 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.97 and a beta of 1.34. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54. PayPal Holdings, Inc. has a 1-year low of $57.29 and a 1-year high of $95.64. The business has a 50-day moving average price of $66.04 and a two-hundred day moving average price of $68.34.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.16. The business had revenue of $7.29 billion for the quarter, compared to the consensus estimate of $7.27 billion. PayPal had a return on equity of 20.31% and a net margin of 14.27%. PayPal’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. Equities analysts predict that PayPal Holdings, Inc. will post 3.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PYPL shares. Wedbush reissued an “outperform” rating and set a $85.00 target price on shares of PayPal in a research report on Thursday, August 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $86.00 target price on shares of PayPal in a research note on Thursday, August 3rd. Credit Suisse Group reiterated a “neutral” rating and set a $80.00 price target on shares of PayPal in a research note on Monday, July 24th. Atlantic Securities downgraded shares of PayPal from an “overweight” rating to a “neutral” rating and set a $72.00 price objective for the company. in a report on Tuesday, June 13th. Finally, Piper Sandler decreased their target price on shares of PayPal from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.48.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.