Boston Financial Mangement LLC Decreases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Boston Financial Mangement LLC reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,476 shares of the credit services provider’s stock after selling 259 shares during the period. Boston Financial Mangement LLC’s holdings in PayPal were worth $349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC increased its holdings in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 124 shares during the last quarter. First United Bank & Trust increased its holdings in shares of PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 145 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC increased its holdings in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Finally, First Bank & Trust grew its holdings in PayPal by 4.4% in the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after buying an additional 171 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 4.0 %

Shares of PYPL opened at $80.28 on Wednesday. The stock has a fifty day moving average price of $76.10 and a two-hundred day moving average price of $67.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a 52-week low of $50.58 and a 52-week high of $83.70. The company has a market cap of $83.98 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 4.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Oppenheimer initiated coverage on PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of PayPal in a report on Wednesday, July 31st. Monness Crespi & Hardt raised their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday. Finally, Robert W. Baird raised their target price on PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Seventeen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.77.

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.