Perfromance Wealth Partners LLC Has $773,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Perfromance Wealth Partners LLC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 8.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,075 shares of the credit services provider’s stock after selling 1,018 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in PayPal were worth $773,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Truist Financial Corp raised its stake in PayPal by 83.0% in the first quarter. Truist Financial Corp now owns 743,041 shares of the credit services provider’s stock valued at $85,932,000 after buying an additional 337,048 shares during the period. The Manufacturers Life Insurance Company raised its stake in PayPal by 21.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,771,992 shares of the credit services provider’s stock valued at $205,283,000 after acquiring an additional 307,481 shares during the period. Gradient Investments LLC lifted its holdings in PayPal by 67.8% during the 2nd quarter. Gradient Investments LLC now owns 301,636 shares of the credit services provider’s stock valued at $21,066,000 after purchasing an additional 121,831 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in PayPal by 235.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,617 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 1,135 shares during the period. Finally, Csenge Advisory Group increased its holdings in shares of PayPal by 79.0% in the first quarter. Csenge Advisory Group now owns 3,871 shares of the credit services provider’s stock valued at $448,000 after purchasing an additional 1,708 shares during the last quarter. 70.67% of the stock is owned by institutional investors.

PayPal Trading Down 0.8 %

Shares of PYPL traded down $0.74 during mid-day trading on Friday, reaching $86.92. 611,572 shares of the company were exchanged, compared to its average volume of 11,510,406. The business has a 50 day simple moving average of $91.86 and a two-hundred day simple moving average of $90.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $100.52 billion, a PE ratio of 49.97, a PEG ratio of 1.95 and a beta of 1.45. PayPal Holdings, Inc. has a 52 week low of $67.58 and a 52 week high of $279.95.

PayPal (NASDAQ:PYPLGet Rating) last released its earnings results on Tuesday, August 2nd. The credit services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.11. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.76 billion. PayPal had a net margin of 7.79% and a return on equity of 16.79%. On average, analysts predict that PayPal Holdings, Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Peggy Alford sold 21,791 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $97.82, for a total value of $2,131,595.62. Following the transaction, the executive vice president now directly owns 18,100 shares of the company’s stock, valued at approximately $1,770,542. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PYPL. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and raised their target price for the stock from $94.00 to $114.00 in a research note on Wednesday, August 31st. Citigroup boosted their price target on PayPal to $122.00 in a research note on Tuesday, August 9th. UBS Group lowered their price objective on PayPal from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Royal Bank of Canada boosted their target price on shares of PayPal from $92.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Finally, Credit Suisse Group boosted their price objective on shares of PayPal from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.23.

PayPal Company Profile

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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