PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Park Place Capital Corp

Park Place Capital Corp lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,770 shares of the credit services provider’s stock after selling 344 shares during the quarter. Park Place Capital Corp’s holdings in PayPal were worth $138,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Pittenger & Anderson Inc. increased its stake in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. American National Bank acquired a new stake in PayPal during the 1st quarter worth approximately $27,000. Family Firm Inc. purchased a new position in PayPal in the 2nd quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC grew its stake in shares of 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 acquiring an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in shares of PayPal during the first quarter worth $30,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of PayPal stock opened at $81.16 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $81.40. The stock has a market capitalization of $84.90 billion, a P/E ratio of 20.44, a PEG ratio of 1.41 and a beta of 1.44. The business’s fifty day moving average price is $71.11 and its 200 day moving average price is $65.71.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Argus raised PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $78.00 price target on shares of PayPal in a report on Wednesday, September 18th. Monness Crespi & Hardt raised their price objective on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Sanford C. Bernstein raised PayPal from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $71.00 to $78.00 in a report on Wednesday, July 31st. Finally, UBS Group raised their price target on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Seventeen 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 company’s stock. According to MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $76.41.

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.