PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Cut by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.0% in the 3rd quarter, Holdings Channel reports. The firm owned 19,290 shares of the credit services provider’s stock after selling 1,005 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in PayPal were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PYPL. Primecap Management Co. CA increased its position in PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after buying an additional 3,184,160 shares during the period. Clearbridge Investments LLC lifted its position in PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares during the last quarter. International Assets Investment Management LLC boosted its stake in PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after purchasing an additional 1,108,030 shares during the period. Robeco Institutional Asset Management B.V. grew its position in PayPal by 139.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock worth $120,492,000 after purchasing an additional 899,476 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of PayPal in the first quarter valued at approximately $42,297,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Down 1.7 %

PayPal stock opened at $85.79 on Friday. PayPal Holdings, Inc. has a 12 month low of $55.28 and a 12 month high of $87.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market cap of $86.01 billion, a P/E ratio of 20.70, a P/E/G ratio of 1.54 and a beta of 1.43. The company’s fifty day simple moving average is $78.25 and its 200-day simple moving average is $68.76.

PayPal (NASDAQ:PYPL) last issued its earnings results 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. 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 business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. Mizuho increased their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. UBS Group lifted their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Macquarie raised their target price on shares of PayPal from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Barclays increased their price target on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Fifteen 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.45.

About PayPal

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.