PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Front Street Capital Management Inc.

Front Street Capital Management Inc. lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,663 shares of the credit services provider’s stock after selling 896 shares during the quarter. Front Street Capital Management Inc.’s holdings in PayPal were worth $300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pittenger & Anderson Inc. increased its position in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. American National Bank acquired a new stake in PayPal during the 1st quarter worth approximately $27,000. Family Firm Inc. acquired a new stake in PayPal during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC increased its position in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in PayPal during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Susquehanna upped their price target on PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a report on Wednesday, July 31st. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $68.00 to $72.00 in a report on Friday, August 9th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a report on Wednesday, September 18th. Finally, Evercore ISI upped their price target on PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Seventeen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.16.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $77.67 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $78.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The business’s fifty day moving average price is $67.35 and its two-hundred day moving average price is $64.60. The firm has a market capitalization of $81.25 billion, a PE ratio of 19.56, a P/E/G ratio of 1.01 and a beta of 1.43.

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