DeDora Capital Inc. Sells 510 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

DeDora Capital Inc. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.0% in the third quarter, HoldingsChannel.com reports. The fund owned 9,676 shares of the credit services provider’s stock after selling 510 shares during the period. DeDora Capital Inc.’s holdings in PayPal were worth $755,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of PYPL. Pittenger & Anderson Inc. grew its position in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares during the last quarter. Register Financial Advisors LLC purchased a new position in shares of PayPal in the first quarter worth $30,000. CarsonAllaria Wealth Management Ltd. increased its position in PayPal by 65.8% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 185 shares during the last quarter. Family Firm Inc. purchased a new stake in PayPal during the second quarter valued at $29,000. Finally, SYSTM Wealth Solutions LLC increased its position in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of recent analyst reports. Macquarie upped their price objective on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and increased their price target for the company from $68.00 to $72.00 in a research note on Friday, August 9th. BMO Capital Markets upped their price objective on PayPal from $72.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Wells Fargo & Company increased their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $84.00 price objective on shares of PayPal in a report on Wednesday, July 31st. Sixteen equities 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 stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $78.03.

PayPal Stock Up 0.2 %

Shares of PYPL stock traded up $0.13 during trading on Tuesday, reaching $80.69. The company’s stock had a trading volume of 711,791 shares, compared to its average volume of 13,580,401. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average price of $74.50 and a 200-day moving average price of $66.74. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $82.00. The company has a market cap of $82.49 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts anticipate that PayPal Holdings, Inc. will post 4.44 earnings per share 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.