ProShare Advisors LLC Has $65.29 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

ProShare Advisors LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,125,116 shares of the credit services provider’s stock after selling 141,270 shares during the period. ProShare Advisors LLC owned 0.11% of PayPal worth $65,290,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC boosted its position in PayPal by 36.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock worth $593,000 after purchasing an additional 2,569 shares during the period. Franklin Resources Inc. raised its position in shares of PayPal by 198.4% in the fourth quarter. Franklin Resources Inc. now owns 429,954 shares of the credit services provider’s stock valued at $26,403,000 after purchasing an additional 285,847 shares during the period. SageView Advisory Group LLC bought a new position in shares of PayPal in the fourth quarter valued at approximately $294,000. Skopos Labs Inc. bought a new position in shares of PayPal in the fourth quarter valued at approximately $274,000. Finally, Hsbc Holdings PLC raised its position in shares of PayPal by 11.9% in the fourth quarter. Hsbc Holdings PLC now owns 2,891,840 shares of the credit services provider’s stock valued at $177,541,000 after purchasing an additional 306,613 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

PayPal stock opened at $76.76 on Monday. The stock has a 50-day simple moving average of $67.01 and a 200 day simple moving average of $64.46. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $78.25. The stock has a market capitalization of $80.29 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 released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent analyst reports. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $68.00 to $72.00 in a research report on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and issued a $84.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. StockNews.com downgraded shares of PayPal from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup raised their price objective on shares of PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, William Blair upgraded shares of PayPal to a “hold” rating in a research note on Tuesday, July 30th. Seventeen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.58.

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.