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

Verus Capital Partners LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Family Firm Inc. bought a new position in shares of PayPal during the second quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted its position in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in shares of PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after buying an additional 465 shares during the last quarter. LRI Investments LLC purchased a new position in PayPal in the first quarter worth $34,000. Finally, Financial Management Professionals Inc. grew its stake in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $86.94 on Tuesday. The company has a 50 day moving average of $77.67 and a 200 day moving average of $68.49. 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 twelve month low of $53.98 and a twelve month high of $87.47. The firm has a market cap of $87.16 billion, a P/E ratio of 20.75, a PEG ratio of 1.48 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent analyst reports. Oppenheimer assumed coverage on PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Canaccord Genuity Group boosted their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. TD Cowen boosted their price objective on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities reissued an “accumulate” rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average price target 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.