Thrivent Financial for Lutherans Sells 11,999 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Thrivent Financial for Lutherans lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,659,391 shares of the credit services provider’s stock after selling 11,999 shares during the period. Thrivent Financial for Lutherans owned about 0.16% of PayPal worth $96,295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SYSTM Wealth Solutions LLC increased its position in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. Verity Asset Management Inc. raised its stake in PayPal by 1.9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock worth $650,000 after acquiring an additional 181 shares during the period. Indiana Trust & Investment Management CO lifted its holdings in PayPal by 18.6% during the first quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after purchasing an additional 184 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of PayPal by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock worth $358,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Evercore ISI lifted their target price on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. The Goldman Sachs Group restated a “neutral” rating and issued a $69.00 price objective on shares of PayPal in a research report on Thursday. UBS Group increased their target price on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Macquarie boosted their price target on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Citigroup increased their price objective on shares of PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a report on Monday, June 10th. Seventeen investment 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. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $75.58.

PayPal Trading Down 1.0 %

PYPL opened at $76.76 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s 50 day moving average price is $67.01 and its 200-day moving average price is $64.42. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $78.25. The stock has a market cap of $78.47 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.01 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the company posted $0.83 EPS. PayPal’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

PayPal Company 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.