Tompkins Financial Corp Has $46,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Tompkins Financial Corp cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 585 shares of the credit services provider’s stock after selling 237 shares during the period. Tompkins Financial Corp’s holdings in PayPal were worth $46,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PYPL. Financial Management Professionals Inc. lifted its holdings in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the period. Family Firm Inc. bought a new position in PayPal during the 2nd quarter worth $29,000. SYSTM Wealth Solutions LLC lifted its holdings in 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 during the period. LRI Investments LLC bought a new stake in shares of PayPal in the 1st quarter valued at about $34,000. Finally, Tortoise Investment Management LLC increased its stake in shares of PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

PYPL opened at $83.01 on Friday. The firm’s fifty day moving average price is $77.37 and its two-hundred day moving average price is $68.28. The company has a market capitalization of $83.22 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 1.45 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1 year low of $53.87 and a 1 year high of $83.70.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data 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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the firm posted $0.97 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts anticipate that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PYPL shares. Stephens increased their target price on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Barclays upped their price target on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Finally, The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Fifteen equities research 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. Based on data from MarketBeat, the stock 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.