Koss Olinger Consulting LLC Sells 482 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Koss Olinger Consulting LLC lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 57,986 shares of the credit services provider’s stock after selling 482 shares during the period. Koss Olinger Consulting LLC’s holdings in PayPal were worth $4,525,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of PayPal in the 1st quarter valued at about $71,000. Wedmont Private Capital bought a new position in shares of PayPal during the 1st quarter worth approximately $224,000. Park Avenue Securities LLC raised its stake in shares of PayPal by 47.3% during the 1st quarter. Park Avenue Securities LLC now owns 19,306 shares of the credit services provider’s stock worth $1,293,000 after acquiring an additional 6,203 shares in the last quarter. RFG Advisory LLC bought a new position in shares of PayPal during the 1st quarter worth approximately $367,000. Finally, International Assets Investment Management LLC raised its stake in shares of PayPal by 10.9% during the 1st quarter. International Assets Investment Management LLC now owns 11,887 shares of the credit services provider’s stock worth $773,000 after acquiring an additional 1,171 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 1.4 %

NASDAQ PYPL opened at $80.94 on Monday. The firm has a 50 day simple moving average of $74.16 and a 200-day simple moving average of $66.63. The firm has a market cap of $84.67 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.47 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $82.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion for 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 firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $68.00 to $72.00 in a research note on Friday, August 9th. TD Cowen boosted their target price on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Monness Crespi & Hardt boosted their target price on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Evercore ISI boosted their target price on shares of PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $78.03.

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.