Isthmus Partners LLC Sells 3,161 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Isthmus Partners LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,417 shares of the credit services provider’s stock after selling 3,161 shares during the period. PayPal comprises 4.9% of Isthmus Partners LLC’s portfolio, making the stock its 5th largest holding. Isthmus Partners LLC’s holdings in PayPal were worth $12,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC raised its holdings in PayPal by 11.1% in the 4th quarter. International Assets Investment Management LLC now owns 10,716 shares of the credit services provider’s stock valued at $658,000 after acquiring an additional 1,073 shares during the last quarter. Gryphon Financial Partners LLC raised its holdings in PayPal by 36.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock valued at $593,000 after acquiring an additional 2,569 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in PayPal by 1.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,551 shares of the credit services provider’s stock valued at $955,000 after acquiring an additional 206 shares during the last quarter. Principal Securities Inc. acquired a new position in PayPal in the 4th quarter valued at $418,000. Finally, Lebenthal Global Advisors LLC acquired a new position in PayPal in the 4th quarter valued at $299,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a report on Thursday, July 11th. UBS Group upped their price objective on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their price objective on PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $69.00 price objective on shares of PayPal in a report on Monday, June 24th. Eighteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.56.

PayPal Price Performance

Shares of PayPal stock traded down $3.14 on Friday, hitting $68.89. The company had a trading volume of 12,304,156 shares, compared to its average volume of 14,207,560. The business has a 50-day simple moving average of $64.50 and a 200-day simple moving average of $63.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $70.43 billion, a PE ratio of 17.35, a PEG ratio of 1.03 and a beta of 1.43. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $74.40.

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

PayPal Company 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.