Verus Capital Partners LLC Sells 371 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Verus Capital Partners LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,334 shares of the credit services provider’s stock after selling 371 shares during the period. Verus Capital Partners LLC’s holdings in PayPal were worth $1,665,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PYPL. Meeder Advisory Services Inc. lifted its stake in PayPal by 3.9% in the first quarter. Meeder Advisory Services Inc. now owns 8,405 shares of the credit services provider’s stock valued at $563,000 after buying an additional 316 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in PayPal by 3.8% during the 1st quarter. Russell Investments Group Ltd. now owns 483,524 shares of the credit services provider’s stock worth $32,377,000 after purchasing an additional 17,919 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of PayPal by 13.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,149 shares of the credit services provider’s stock valued at $1,819,000 after purchasing an additional 3,245 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of PayPal by 2.4% in the first quarter. Bleakley Financial Group LLC now owns 14,763 shares of the credit services provider’s stock valued at $989,000 after purchasing an additional 344 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of PayPal by 18.8% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 57,360 shares of the credit services provider’s stock worth $3,843,000 after buying an additional 9,078 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 4.7 %

Shares of NASDAQ PYPL opened at $86.94 on Tuesday. The firm has a market cap of $87.16 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.48 and a beta of 1.43. The company has a 50 day simple moving average of $77.67 and a 200 day simple moving average of $68.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1 year low of $53.98 and a 1 year high of $87.47.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share 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 company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the company posted $0.97 earnings per share. PayPal’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on PYPL shares. Phillip Securities restated an “accumulate” rating and issued a $90.00 target price (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $68.00 to $72.00 in a report on Friday, August 9th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Morgan Stanley increased their price objective on shares of PayPal from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets lifted their target price on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.