PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by STF Management LP

STF Management LP reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,112 shares of the credit services provider’s stock after selling 2,030 shares during the period. STF Management LP’s holdings in PayPal were worth $1,179,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PYPL. Family Firm Inc. acquired a new stake in PayPal in the second quarter worth $29,000. SYSTM Wealth Solutions LLC increased its position in PayPal by 50.6% in the second 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 during the period. Tortoise Investment Management LLC increased its position in PayPal by 930.0% in the second 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 period. Planning Capital Management Corp increased its position in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. Finally, LRI Investments LLC acquired a new stake in PayPal in the first quarter worth $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Monness Crespi & Hardt increased their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Robert W. Baird increased their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $68.00 to $72.00 in a research note on Friday, August 9th. Finally, Oppenheimer started coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Sixteen equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.60.

PayPal Stock Up 0.4 %

PYPL opened at $85.04 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50 day moving average price of $80.07 and a 200 day moving average price of $69.51. The firm has a market cap of $85.26 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.43. PayPal Holdings, Inc. has a twelve month low of $55.55 and a twelve month high of $87.92.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 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 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 in the previous year, the business posted $0.97 EPS. Research analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS 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.