Greenbrier Partners Capital Management LLC Reduces Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Greenbrier Partners Capital Management LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 407,131 shares of the credit services provider’s stock after selling 535 shares during the period. PayPal accounts for 2.4% of Greenbrier Partners Capital Management LLC’s holdings, making the stock its 11th biggest position. Greenbrier Partners Capital Management LLC’s holdings in PayPal were worth $31,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PYPL. Captrust Financial Advisors lifted its holdings in shares of PayPal by 39.9% during the third quarter. Captrust Financial Advisors now owns 87,512 shares of the credit services provider’s stock worth $6,829,000 after purchasing an additional 24,940 shares during the period. Kingfisher Capital LLC acquired a new stake in PayPal during the 3rd quarter valued at approximately $203,000. CWS Financial Advisors LLC acquired a new stake in PayPal during the 3rd quarter valued at approximately $230,000. Hantz Financial Services Inc. boosted its holdings in shares of PayPal by 2.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 34,729 shares of the credit services provider’s stock valued at $2,710,000 after acquiring an additional 965 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its holdings in shares of PayPal by 111.8% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 3,600 shares of the credit services provider’s stock valued at $281,000 after acquiring an additional 1,900 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 0.4 %

Shares of PYPL opened at $86.57 on Friday. The company’s 50-day moving average price is $81.49 and its 200 day moving average price is $70.29. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $88.74. 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 cap of $86.79 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its quarterly 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 business had revenue of $7.85 billion for 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 business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on PYPL. Mizuho upped their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Morgan Stanley lifted their price target on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Piper Sandler reaffirmed a “neutral” rating and set a $88.00 price objective on shares of PayPal in a research note on Friday, November 22nd. Robert W. Baird boosted their target price on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price objective on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $83.60.

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.