Realta Investment Advisors decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 20.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,154 shares of the credit services provider’s stock after selling 1,872 shares during the period. Realta Investment Advisors’ holdings in PayPal were worth $577,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Pittenger & Anderson Inc. grew its position in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. Family Firm Inc. purchased a new stake in PayPal in the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC grew its holdings in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the period. Tortoise Investment Management LLC lifted its holdings in shares of PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in shares of PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.
PayPal Stock Down 2.6 %
Shares of PYPL stock traded down $2.05 during trading hours on Friday, hitting $77.25. 16,473,606 shares of the company were exchanged, compared to its average volume of 10,326,439. The stock has a market capitalization of $77.45 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.41 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $52.55 and a one year high of $83.70. The business’s 50-day simple moving average is $76.50 and its two-hundred day simple moving average is $67.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.24 and a current ratio of 1.25.
Wall Street Analyst Weigh In
PYPL has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $68.00 to $72.00 in a report on Friday, August 9th. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Finally, UBS Group lifted their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday. Seventeen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.29.
Check Out Our Latest Analysis on PYPL
PayPal 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.
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