PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.8% in the 3rd quarter, Holdings Channel reports. The firm owned 4,875 shares of the credit services provider’s stock after selling 193 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in PayPal were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bruce G. Allen Investments LLC lifted its stake in PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 124 shares during the last quarter. First United Bank & Trust lifted its position in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 145 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 152 shares in the last quarter. SYSTM Wealth Solutions LLC lifted its position in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Finally, First Bank & Trust lifted its position in shares of PayPal by 4.4% in the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after acquiring an additional 171 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ PYPL opened at $86.53 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $86.75 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.54 and a beta of 1.44. The company’s fifty day moving average is $81.87 and its two-hundred day moving average is $70.69. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $88.74.

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. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. UBS Group upped their price target on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer initiated coverage on shares of PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Macquarie increased their target price on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $88.00 target price on shares of PayPal in a research report on Friday, November 22nd. Sixteen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $83.60.

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.