GYL Financial Synergies LLC Sells 469 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

GYL Financial Synergies LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,947 shares of the credit services provider’s stock after selling 469 shares during the period. GYL Financial Synergies LLC’s holdings in PayPal were worth $867,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PYPL. Norges Bank purchased a new stake in shares of PayPal during the fourth quarter valued at $749,561,000. The Manufacturers Life Insurance Company raised its holdings in shares of PayPal by 125.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock valued at $105,882,000 after acquiring an additional 958,130 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of PayPal by 15.8% in the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after acquiring an additional 904,804 shares in the last quarter. Boston Partners raised its holdings in shares of PayPal by 4,024.5% in the fourth quarter. Boston Partners now owns 783,248 shares of the credit services provider’s stock valued at $48,099,000 after acquiring an additional 764,258 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of PayPal by 1,309.2% in the fourth quarter. Panagora Asset Management Inc. now owns 800,648 shares of the credit services provider’s stock valued at $49,168,000 after acquiring an additional 743,833 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

PayPal stock traded up $0.14 during mid-day trading on Friday, hitting $71.66. The company had a trading volume of 561,716 shares, compared to its average volume of 14,385,079. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $73.25. The company’s fifty day moving average is $61.77 and its 200-day moving average is $62.61. The company has a market capitalization of $73.26 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 0.97 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the firm posted $0.83 EPS. The business’s revenue was up 8.2% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on PYPL shares. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $68.00 to $72.00 in a report on Friday, August 9th. Barclays boosted their target price on shares of PayPal from $81.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Macquarie boosted their target price on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets boosted their target price on shares of PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Finally, Stephens boosted their target price on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Seventeen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $75.56.

About PayPal

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.