PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,965 shares of the credit services provider’s stock after selling 686 shares during the period. Middleton & Co. Inc. MA’s holdings in PayPal were worth $5,459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC increased its stake 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 acquiring an additional 124 shares during the last quarter. First United Bank & Trust grew its holdings in shares of PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares during the period. Ritholtz Wealth Management increased its position in shares of PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its position in PayPal by 50.6% in the second 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 last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

PayPal stock opened at $81.70 on Friday. The business has a 50 day simple moving average of $75.38 and a 200-day simple moving average of $67.05. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $85.46 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Equities analysts predict that PayPal Holdings, Inc. will post 4.44 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PYPL shares. The Goldman Sachs Group boosted their price target on shares of PayPal from $69.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Wells Fargo & Company upped their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Barclays lifted their price objective on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Stephens increased their target price on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, UBS Group boosted their price target on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Seventeen equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.03.

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.