Hilltop Holdings Inc. Reduces Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Hilltop Holdings Inc. lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 19,982 shares of the credit services provider’s stock after selling 2,302 shares during the period. Hilltop Holdings Inc.’s holdings in PayPal were worth $1,559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC bought a new stake in PayPal in the third quarter worth about $250,000. Ascent Group LLC bought a new stake in PayPal in the third quarter worth about $201,000. Benjamin Edwards Inc. lifted its stake in PayPal by 8,335.5% in the third quarter. Benjamin Edwards Inc. now owns 27,837 shares of the credit services provider’s stock worth $2,172,000 after purchasing an additional 27,507 shares during the last quarter. Atom Investors LP bought a new stake in PayPal in the third quarter worth about $2,509,000. Finally, FSA Wealth Management LLC bought a new stake in PayPal in the third quarter worth about $108,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PYPL. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Piper Sandler reaffirmed a “neutral” rating and set a $88.00 price target on shares of PayPal in a research note on Friday, November 22nd. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $68.00 to $72.00 in a research note on Friday, August 9th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, Monness Crespi & Hardt lifted their price target on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.60.

PayPal Trading Down 1.6 %

Shares of PayPal stock opened at $85.14 on Wednesday. The firm has a market capitalization of $85.36 billion, a PE ratio of 20.32, a P/E/G ratio of 1.54 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $88.74. The firm’s 50-day moving average price is $82.01 and its 200 day moving average price is $70.84.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal 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.