PayPal Holdings, Inc. (NASDAQ:PYPL) Position Lessened by Brown Financial Advisors

Brown Financial Advisors lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,360 shares of the credit services provider’s stock after selling 5,700 shares during the quarter. Brown Financial Advisors’ holdings in PayPal were worth $1,511,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal during the 3rd quarter valued at approximately $26,000. Family Firm Inc. acquired a new stake in shares of PayPal in the second quarter worth $29,000. SYSTM Wealth Solutions LLC increased its position in 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 raised its stake in PayPal by 930.0% during 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 last quarter. Finally, Planning Capital Management Corp boosted its holdings in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays lifted their price objective on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Piper Sandler restated a “neutral” rating and issued a $88.00 target price on shares of PayPal in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Sixteen equities research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.70.

PayPal Stock Up 0.1 %

Shares of PayPal stock opened at $90.00 on Tuesday. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50-day moving average of $82.90 and a 200 day moving average of $71.58. The firm has a market cap of $90.23 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.64 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm posted $0.97 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate 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.