Dillon & Associates Inc. Sells 4,731 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Dillon & Associates Inc. lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 38.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,476 shares of the credit services provider’s stock after selling 4,731 shares during the quarter. Dillon & Associates Inc.’s holdings in PayPal were worth $583,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in shares of PayPal in the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC boosted its holdings in shares of 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 acquiring an additional 167 shares during the period. Tortoise Investment Management LLC boosted its stake in PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares during the period. LRI Investments LLC acquired a new position in shares of PayPal in the first quarter valued at about $34,000. Finally, Financial Management Professionals Inc. grew its position in shares of PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Monness Crespi & Hardt upped their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Stephens raised their target price on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Mizuho increased their price target on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report 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. Finally, William Blair upgraded PayPal to a “hold” rating in a research note on Tuesday, July 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Price Performance

Shares of PYPL opened at $86.40 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The business’s fifty day moving average is $77.67 and its 200 day moving average is $68.49. PayPal Holdings, Inc. has a 12-month low of $53.98 and a 12-month high of $87.92. The stock has a market cap of $86.62 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.55 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 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

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.