First Business Financial Services Inc. Cuts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

First Business Financial Services Inc. cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,549 shares of the credit services provider’s stock after selling 173 shares during the quarter. First Business Financial Services Inc.’s holdings in PayPal were worth $277,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PYPL. Avantax Advisory Services Inc. grew its stake in PayPal by 13.6% in the first 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 last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of PayPal by 14.9% during the first quarter. Kingsview Wealth Management LLC now owns 24,597 shares of the credit services provider’s stock worth $1,648,000 after purchasing an additional 3,183 shares during the period. Wintrust Investments LLC lifted its holdings in PayPal by 18.1% in the first quarter. Wintrust Investments LLC now owns 18,939 shares of the credit services provider’s stock valued at $1,269,000 after acquiring an additional 2,900 shares during the period. Tocqueville Asset Management L.P. lifted its holdings in PayPal by 16.0% in the first quarter. Tocqueville Asset Management L.P. now owns 106,258 shares of the credit services provider’s stock valued at $7,118,000 after acquiring an additional 14,691 shares during the period. Finally, M&G Plc acquired a new position in PayPal in the first quarter valued at approximately $14,715,000. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 target price (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Susquehanna upped their target price on PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Monness Crespi & Hardt boosted their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Fifteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average price target of $83.45.

PayPal Price Performance

PYPL opened at $85.79 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market cap of $86.01 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.56 and a beta of 1.43. The stock’s 50-day moving average price is $78.25 and its 200 day moving average price is $68.76. PayPal Holdings, Inc. has a 12-month low of $55.28 and a 12-month high of $87.92.

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

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.