PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 461,020 shares of the credit services provider’s stock after selling 12,577 shares during the period. American Century Companies Inc.’s holdings in PayPal were worth $26,753,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. grew its holdings in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. American National Bank purchased a new stake in shares of PayPal during the 1st quarter valued at $27,000. Family Firm Inc. acquired a new stake in shares of PayPal during the 2nd quarter worth $29,000. Register Financial Advisors LLC purchased a new position in shares of PayPal in the 1st quarter worth $30,000. Finally, Tortoise Investment Management LLC boosted its holdings in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PYPL. JPMorgan Chase & Co. upped their price target on PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Susquehanna raised their price target on shares of PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a report on Wednesday, July 31st. TD Cowen boosted their price objective on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Canaccord Genuity Group reissued a “buy” rating and issued a $80.00 target price on shares of PayPal in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 price target on shares of PayPal in a research report on Wednesday. Seventeen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $75.58.

PayPal Stock Performance

PYPL stock opened at $73.12 on Thursday. The stock’s 50 day simple moving average is $66.33 and its 200 day simple moving average is $64.17. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $74.40. The firm has a market cap of $76.49 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.00 and a beta of 1.43. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.42 EPS 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.