KPP Advisory Services LLC Sells 1,381 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

KPP Advisory Services LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 23.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,440 shares of the credit services provider’s stock after selling 1,381 shares during the quarter. KPP Advisory Services LLC’s holdings in PayPal were worth $346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PYPL. First Foundation Advisors purchased a new position in PayPal during the first quarter worth $147,000. Intech Investment Management LLC grew its stake in shares of PayPal by 315.6% during the first quarter. Intech Investment Management LLC now owns 27,872 shares of the credit services provider’s stock valued at $1,867,000 after buying an additional 21,166 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of PayPal by 216.9% in the first quarter. Acadian Asset Management LLC now owns 41,702 shares of the credit services provider’s stock worth $2,792,000 after buying an additional 28,543 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in shares of PayPal during the 1st quarter worth approximately $1,256,000. Finally, Allstate Corp purchased a new position in PayPal during the 1st quarter valued at $209,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Mizuho boosted their target price on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Barclays boosted their price target on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, TD Cowen lifted their target price on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Fifteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PayPal has an average rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $85.83 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a twelve month low of $55.28 and a twelve month high of $87.92. The company’s 50 day moving average is $78.86 and its 200 day moving average is $69.02. The company has a market cap of $86.05 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

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.