Avior Wealth Management LLC lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 3.0% during the third quarter, Holdings Channel reports. The institutional investor owned 23,607 shares of the credit services provider’s stock after selling 742 shares during the quarter. Avior Wealth Management LLC’s holdings in PayPal were worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Planning Capital Management Corp boosted its position in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the period. Financial Management Professionals Inc. boosted its holdings in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the period. Family Firm Inc. bought a new stake in PayPal during the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC raised 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 valued at $29,000 after acquiring an additional 167 shares during the period. Finally, LRI Investments LLC purchased a new stake in shares of PayPal during the first quarter worth $34,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on PYPL. Wells Fargo & Company boosted their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. William Blair raised shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research note on Wednesday, September 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.
PayPal Stock Down 0.7 %
Shares of PayPal stock opened at $84.09 on Wednesday. The company’s 50 day moving average price is $79.47 and its 200-day moving average price is $69.29. PayPal Holdings, Inc. has a 52-week low of $55.28 and a 52-week high of $87.92. 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 stock has a market capitalization of $84.30 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.53 and a beta of 1.43.
PayPal (NASDAQ:PYPL – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (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 analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current year.
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.
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