PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,948 shares of the credit services provider’s stock after selling 184 shares during the quarter. Verity Asset Management Inc.’s holdings in PayPal were worth $776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Family Firm Inc. acquired a new stake in PayPal during the second quarter worth approximately $29,000. SYSTM Wealth Solutions LLC grew its position in shares of 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 purchasing an additional 167 shares during the period. Tortoise Investment Management LLC lifted its position in 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 buying an additional 465 shares during the period. CarsonAllaria Wealth Management Ltd. boosted its stake in PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after buying an additional 185 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in PayPal in the 1st quarter valued at about $34,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Down 0.1 %

Shares of PYPL stock opened at $81.35 on Friday. PayPal Holdings, Inc. has a 12 month low of $53.55 and a 12 month high of $83.70. The company has a market cap of $81.56 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $77.00 and its two-hundred day moving average is $68.05.

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

Analyst Ratings Changes

PYPL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $68.00 to $72.00 in a research report on Friday, August 9th. Monness Crespi & Hardt raised their price objective on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. TD Cowen boosted their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Barclays raised their price target on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Fifteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.45.

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.