STF Management LP Has $995,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

STF Management LP lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,142 shares of the credit services provider’s stock after selling 829 shares during the period. STF Management LP’s holdings in PayPal were worth $995,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PYPL. International Assets Investment Management LLC grew its stake in PayPal by 11.1% during the fourth quarter. International Assets Investment Management LLC now owns 10,716 shares of the credit services provider’s stock worth $658,000 after purchasing an additional 1,073 shares during the period. Gryphon Financial Partners LLC grew its stake in PayPal by 36.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock worth $593,000 after purchasing an additional 2,569 shares during the period. Financial Advocates Investment Management grew its stake in PayPal by 35.6% during the fourth quarter. Financial Advocates Investment Management now owns 20,499 shares of the credit services provider’s stock worth $1,259,000 after purchasing an additional 5,385 shares during the period. ING Groep NV grew its stake in PayPal by 318.8% during the fourth quarter. ING Groep NV now owns 40,373 shares of the credit services provider’s stock worth $2,479,000 after purchasing an additional 30,733 shares during the period. Finally, Norges Bank acquired a new stake in PayPal during the fourth quarter worth approximately $749,561,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $70.10 on Monday. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $74.40. The stock has a fifty day moving average of $65.55 and a 200-day moving average of $63.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $71.67 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.00 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PYPL. Jefferies Financial Group reduced their price objective on PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Susquehanna raised their price objective on PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research note on Wednesday, July 31st. UBS Group raised their price objective on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. New Street Research initiated coverage on PayPal in a report on Friday, May 31st. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $84.00 target price on shares of PayPal in a report on Wednesday, July 31st. Eighteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.56.

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.