Richard W. Paul & Associates LLC Sells 832 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Richard W. Paul & Associates LLC lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,344 shares of the credit services provider’s stock after selling 832 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in PayPal were worth $1,665,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PYPL. Aaron Wealth Advisors LLC bought a new stake in shares of PayPal in the 3rd quarter valued at approximately $367,000. V Square Quantitative Management LLC lifted its position in shares of PayPal by 17.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 20,305 shares of the credit services provider’s stock worth $1,584,000 after buying an additional 3,065 shares during the period. Madrona Financial Services LLC acquired a new stake in PayPal in the 3rd quarter valued at $220,000. LexAurum Advisors LLC bought a new stake in PayPal in the third quarter valued at $227,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in PayPal by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 118,232 shares of the credit services provider’s stock worth $9,226,000 after acquiring an additional 1,526 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Up 1.4 %

NASDAQ:PYPL opened at $80.94 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.00. The firm has a market capitalization of $82.75 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.47 and a beta of 1.44. The business’s 50-day moving average price is $74.16 and its two-hundred day moving average price is $66.61.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates 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%. PayPal’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on PYPL. Macquarie boosted their target price on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research report on Wednesday, September 18th. William Blair raised shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. Argus raised PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets raised their price target on PayPal from $72.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Sixteen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.03.

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.