Tompkins Financial Corp Sells 237 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Tompkins Financial Corp reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 585 shares of the credit services provider’s stock after selling 237 shares during the quarter. Tompkins Financial Corp’s holdings in PayPal were worth $46,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Beta Wealth Group Inc. grew its stake in shares of PayPal by 4.1% during the 3rd quarter. Beta Wealth Group Inc. now owns 7,700 shares of the credit services provider’s stock worth $601,000 after acquiring an additional 300 shares in the last quarter. Pegasus Partners Ltd. boosted its holdings in PayPal by 29.6% during the third quarter. Pegasus Partners Ltd. now owns 4,654 shares of the credit services provider’s stock worth $363,000 after purchasing an additional 1,062 shares during the last quarter. United Bank grew its position in PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after purchasing an additional 794 shares in the last quarter. SpiderRock Advisors LLC increased its stake in PayPal by 39.7% in the 3rd quarter. SpiderRock Advisors LLC now owns 27,100 shares of the credit services provider’s stock valued at $2,115,000 after buying an additional 7,697 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in PayPal during the 3rd quarter worth about $463,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

PYPL stock opened at $83.01 on Friday. The company’s 50-day moving average price is $77.37 and its two-hundred day moving average price is $68.28. The firm has a market cap of $83.22 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.45 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. PayPal Holdings, Inc. has a 12 month low of $53.87 and a 12 month high of $83.70.

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, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business posted $0.97 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Susquehanna upped their target price on PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. Phillip Securities reiterated an “accumulate” rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. BMO Capital Markets boosted their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price target on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Fifteen research 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.45.

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.