Johnson Investment Counsel Inc. lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 15.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,830 shares of the credit services provider’s stock after selling 1,657 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in PayPal were worth $589,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of PYPL. Mach 1 Financial Group LLC acquired a new stake in PayPal during the 1st quarter valued at approximately $22,024,000. VitalStone Financial LLC grew its stake in PayPal by 4,514.3% during the 1st quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider’s stock valued at $75,000 after purchasing an additional 316 shares in the last quarter. Beacon Capital Management LLC grew its stake in PayPal by 108.7% during the 2nd quarter. Beacon Capital Management LLC now owns 384 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new stake in PayPal during the 4th quarter valued at approximately $29,000. Finally, ZRC Wealth Management LLC acquired a new stake in PayPal during the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 68.42% of the company’s stock.
Wall Street Analyst Weigh In
PYPL has been the subject of several research reports. Monness Crespi & Hardt initiated coverage on PayPal in a research report on Monday, October 2nd. They issued a “buy” rating and a $100.00 target price for the company. HSBC initiated coverage on PayPal in a research report on Friday, October 13th. They issued a “buy” rating and a $69.00 target price for the company. Jefferies Financial Group decreased their target price on PayPal from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Monday, October 9th. Oppenheimer decreased their target price on PayPal from $77.00 to $72.00 and set an “outperform” rating for the company in a research report on Wednesday, October 18th. Finally, Canaccord Genuity Group decreased their target price on PayPal from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.77.
PayPal Stock Up 0.8 %
PYPL opened at $56.99 on Tuesday. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $88.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30. The stock’s fifty day moving average is $56.85 and its 200-day moving average is $62.48. The company has a market capitalization of $61.44 billion, a PE ratio of 16.96, a P/E/G ratio of 0.91 and a beta of 1.38.
PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. PayPal had a return on equity of 20.78% and a net margin of 12.93%. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts predict that PayPal Holdings, Inc. will post 3.84 EPS for the current fiscal year.
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
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