PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Lessened by Knuff & Co LLC

Knuff & Co LLC trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,100 shares of the credit services provider’s stock after selling 1,000 shares during the quarter. Knuff & Co LLC’s holdings in PayPal were worth $554,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in shares of PayPal in the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC lifted its stake in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 465 shares during the period. Planning Capital Management Corp increased its stake in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of PayPal during the first quarter worth $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Down 1.4 %

Shares of NASDAQ PYPL opened at $84.67 on Tuesday. PayPal Holdings, Inc. has a 1 year low of $55.28 and a 1 year high of $87.92. The firm’s 50-day moving average is $79.17 and its 200-day moving average is $69.16. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $84.89 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research note on Wednesday, September 18th. Susquehanna boosted their price objective on PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Robert W. Baird raised their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target 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. Fifteen research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.45.

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.