Brown Shipley& Co Ltd Has $3.07 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Brown Shipley& Co Ltd lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,901 shares of the credit services provider’s stock after selling 867 shares during the quarter. PayPal comprises approximately 1.4% of Brown Shipley& Co Ltd’s holdings, making the stock its 22nd largest position. Brown Shipley& Co Ltd’s holdings in PayPal were worth $3,070,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PYPL. Pittenger & Anderson Inc. raised its position in shares of 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 acquired a new position in PayPal in the 1st quarter valued at approximately $27,000. Family Firm Inc. bought a new stake in shares of PayPal in the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC grew its holdings in shares of 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 bought a new stake in shares of PayPal during the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 2.7 %

PayPal stock opened at $77.88 on Monday. The firm has a market capitalization of $79.62 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.12 and a beta of 1.43. The company’s 50 day simple moving average is $68.78 and its 200 day simple moving average is $65.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $80.63.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PYPL shares. Jefferies Financial Group lowered their price target on shares of PayPal from $70.00 to $65.00 in a report on Monday, July 29th. William Blair raised PayPal to a “hold” rating in a report on Tuesday, July 30th. Wells Fargo & Company increased their target price on PayPal from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and upped their price target for the company from $68.00 to $72.00 in a research report on Friday, August 9th. Seventeen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.38.

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.