PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 20.8% during the third quarter, HoldingsChannel.com reports. The fund owned 7,569 shares of the credit services provider’s stock after selling 1,986 shares during the period. Tempus Wealth Planning LLC’s holdings in PayPal were worth $591,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pittenger & Anderson Inc. increased its stake in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Family Firm Inc. purchased a new stake in PayPal during the second quarter valued at about $29,000. SYSTM Wealth Solutions LLC boosted its holdings in shares of 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. Register Financial Advisors LLC purchased a new position in shares of PayPal in the first quarter worth approximately $30,000. Finally, Tortoise Investment Management LLC raised its holdings in shares of PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 465 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $78.00 price objective on shares of PayPal in a research note on Wednesday, September 18th. Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Robert W. Baird upped their price target on PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Evercore ISI increased their price objective on PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, Monness Crespi & Hardt lifted their target price on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.03.

PayPal Trading Up 0.4 %

NASDAQ:PYPL opened at $80.91 on Wednesday. The company’s 50 day moving average is $74.81 and its 200-day moving average is $66.86. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.00. The firm has a market cap of $82.72 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.47 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the firm posted $0.83 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.44 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.