Aurora Investment Counsel Sells 675 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Aurora Investment Counsel trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,932 shares of the credit services provider’s stock after selling 675 shares during the quarter. Aurora Investment Counsel’s holdings in PayPal were worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. J. W. Coons Advisors LLC increased its position in shares of PayPal by 8.0% in the fourth quarter. J. W. Coons Advisors LLC now owns 5,423 shares of the credit services provider’s stock valued at $333,000 after acquiring an additional 400 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in PayPal by 125.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after buying an additional 958,130 shares during the period. Peapack Gladstone Financial Corp grew its position in shares of PayPal by 3.0% in the 4th quarter. Peapack Gladstone Financial Corp now owns 231,022 shares of the credit services provider’s stock worth $14,187,000 after buying an additional 6,809 shares during the last quarter. Blueshift Asset Management LLC increased its stake in shares of PayPal by 20.2% during the fourth quarter. Blueshift Asset Management LLC now owns 5,247 shares of the credit services provider’s stock valued at $322,000 after buying an additional 882 shares during the period. Finally, Edge Capital Group LLC raised its holdings in shares of PayPal by 44.8% during the fourth quarter. Edge Capital Group LLC now owns 7,025 shares of the credit services provider’s stock valued at $431,000 after acquiring an additional 2,174 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Up 0.2 %

Shares of PYPL stock opened at $78.03 on Tuesday. The stock has a market capitalization of $81.62 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.12 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. The firm’s 50 day moving average is $69.12 and its 200 day moving average is $65.21. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $80.63.

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, topping analysts’ consensus estimates of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. Research analysts expect that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PYPL. Mizuho reissued an “outperform” rating and set a $90.00 price objective on shares of PayPal in a research report on Tuesday, August 20th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price target on shares of PayPal in a research report on Wednesday, September 18th. UBS Group raised their price objective on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Monness Crespi & Hardt upped their target price on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Sanford C. Bernstein raised PayPal from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $71.00 to $78.00 in a research report on Wednesday, July 31st. Seventeen 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.38.

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.