PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,429 shares of the credit services provider’s stock after selling 530 shares during the quarter. Palouse Capital Management Inc.’s holdings in PayPal were worth $1,516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Pittenger & Anderson Inc. lifted its position in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. Family Firm Inc. acquired a new position in PayPal in the 2nd quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC boosted its stake in shares of 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 buying an additional 167 shares during the period. Register Financial Advisors LLC acquired a new position in shares of PayPal in the first quarter worth $30,000. Finally, Tortoise Investment Management LLC raised its holdings in shares of PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 0.3 %

PYPL stock traded down $0.23 during mid-day trading on Monday, hitting $80.71. 5,164,753 shares of the company were exchanged, compared to its average volume of 13,632,538. The firm’s 50 day simple moving average is $74.16 and its 200 day simple moving average is $66.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.00. The firm has a market cap of $84.43 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.47 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. PayPal’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $80.00 price target on shares of PayPal in a report on Wednesday, July 31st. TD Cowen lifted their price objective on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. BMO Capital Markets upped their price target on PayPal from $72.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Finally, Wells Fargo & Company boosted their target price on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday. Sixteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.03.

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.