Centaurus Financial Inc. Reduces Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Centaurus Financial Inc. cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,505 shares of the credit services provider’s stock after selling 1,787 shares during the period. Centaurus Financial Inc.’s holdings in PayPal were worth $1,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PYPL. 1832 Asset Management L.P. lifted its holdings in PayPal by 44.6% in the first quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock valued at $83,000 after acquiring an additional 381 shares during the period. Price T Rowe Associates Inc. MD grew its position in PayPal by 1.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,635 shares of the credit services provider’s stock valued at $98,653,000 after buying an additional 23,991 shares during the period. Waverly Advisors LLC increased its holdings in PayPal by 68.9% during the first quarter. Waverly Advisors LLC now owns 18,299 shares of the credit services provider’s stock valued at $1,226,000 after buying an additional 7,465 shares during the last quarter. Invenomic Capital Management LP raised its position in PayPal by 36.9% in the first quarter. Invenomic Capital Management LP now owns 554,636 shares of the credit services provider’s stock worth $37,155,000 after acquiring an additional 149,501 shares during the period. Finally, Incline Global Management LLC raised its position in PayPal by 75.4% in the first quarter. Incline Global Management LLC now owns 221,848 shares of the credit services provider’s stock worth $14,862,000 after acquiring an additional 95,400 shares during the period. 68.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PYPL shares. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. TD Cowen lifted their price objective on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Monness Crespi & Hardt increased their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Morgan Stanley lifted their price target on shares of PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Sixteen investment 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.60.

PayPal Trading Up 2.3 %

Shares of PYPL opened at $86.77 on Monday. PayPal Holdings, Inc. has a fifty-two week low of $55.55 and a fifty-two week high of $87.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The company’s fifty day moving average is $80.41 and its 200 day moving average is $69.72. The stock has a market capitalization of $86.99 billion, a PE ratio of 20.71, a P/E/G ratio of 1.54 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the firm posted $0.97 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.57 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.