Koshinski Asset Management Inc. Sells 615 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Koshinski Asset Management Inc. cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,876 shares of the credit services provider’s stock after selling 615 shares during the quarter. Koshinski Asset Management Inc.’s holdings in PayPal were worth $459,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PYPL. Chicago Partners Investment Group LLC acquired a new stake in PayPal in the fourth quarter valued at approximately $220,000. Syon Capital LLC grew its position in PayPal by 6.6% in the 4th quarter. Syon Capital LLC now owns 4,654 shares of the credit services provider’s stock valued at $286,000 after purchasing an additional 289 shares during the period. SageView Advisory Group LLC acquired a new position in PayPal during the fourth quarter worth $294,000. Leo Wealth LLC acquired a new position in PayPal during the fourth quarter worth $217,000. Finally, HighPoint Advisor Group LLC bought a new position in shares of PayPal in the fourth quarter valued at $839,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of analyst reports. Susquehanna upped their target price on shares of PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their price objective on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Evercore ISI lifted their target price on PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. The Goldman Sachs Group increased their price target on PayPal from $69.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Mizuho raised their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday. Seventeen research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $77.35.

PayPal Stock Up 0.2 %

PYPL opened at $80.67 on Tuesday. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.00. The company has a market cap of $84.38 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $72.82 and a 200 day moving average of $66.22.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. The company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 4.42 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.