Dynamic Technology Lab Private Ltd trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 95.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,311 shares of the credit services provider's stock after selling 85,548 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in PayPal were worth $336,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Bruce G. Allen Investments LLC lifted its holdings in shares of PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider's stock valued at $141,000 after purchasing an additional 124 shares during the last quarter. First United Bank & Trust lifted its stake in PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock valued at $187,000 after buying an additional 145 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider's stock valued at $369,000 after acquiring an additional 152 shares during the period. SYSTM Wealth Solutions LLC grew its position in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after acquiring an additional 167 shares during the last quarter. Finally, First Bank & Trust increased its holdings in shares of PayPal by 4.4% in the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider's stock valued at $313,000 after acquiring an additional 171 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on PYPL. Morgan Stanley raised their price target on PayPal from $71.00 to $76.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Canaccord Genuity Group boosted their target price on PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Macquarie boosted their price objective on shares of PayPal from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Monness Crespi & Hardt upped their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Sixteen 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.60.
View Our Latest Stock Report on PayPal
PayPal Stock Up 0.2 %
NASDAQ PYPL traded up $0.20 on Friday, reaching $86.77. The company had a trading volume of 4,469,740 shares, compared to its average volume of 8,954,407. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company's fifty day moving average is $81.69 and its 200 day moving average is $70.49. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $88.74. The stock has a market capitalization of $86.99 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.54 and a beta of 1.43.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.
About PayPal
(Free Report)
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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