Troy Asset Management Ltd Reduces Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Troy Asset Management Ltd reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 357,434 shares of the credit services provider’s stock after selling 4,530 shares during the quarter. PayPal comprises 0.7% of Troy Asset Management Ltd’s investment portfolio, making the stock its 29th largest position. Troy Asset Management Ltd’s holdings in PayPal were worth $20,742,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PYPL. 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 valued at $26,000 after purchasing an additional 172 shares during the period. American National Bank purchased a new position in shares of PayPal during the first quarter valued at about $27,000. Family Firm Inc. bought a new position in PayPal in the second quarter worth about $29,000. SYSTM Wealth Solutions LLC lifted its holdings 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 during the period. Finally, Register Financial Advisors LLC bought a new stake in PayPal during the 1st quarter valued at approximately $30,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 0.2 %

PayPal stock opened at $78.03 on Tuesday. The stock has a market cap of $81.62 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. 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 has a fifty day moving average of $69.12 and a 200 day moving average of $65.21. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $80.63.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PYPL shares. BMO Capital Markets increased their target price on PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Robert W. Baird raised their price objective on PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Citigroup upped their target price on shares of PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. UBS Group lifted their price target on shares of PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Monness Crespi & Hardt upped their price objective on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Seventeen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.38.

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.