Fidelis Capital Partners LLC Trims Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fidelis Capital Partners LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,812 shares of the credit services provider’s stock after selling 635 shares during the quarter. Fidelis Capital Partners LLC’s holdings in PayPal were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Primecap Management Co. CA lifted its position in PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after purchasing an additional 3,184,160 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of PayPal by 125.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock valued at $105,882,000 after buying an additional 958,130 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of PayPal by 15.8% during the 1st quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after acquiring an additional 904,804 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of PayPal by 31.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock valued at $194,262,000 after acquiring an additional 687,940 shares during the period. Finally, Swedbank AB purchased a new stake in PayPal in the 1st quarter worth approximately $42,297,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 1.2 %

NASDAQ PYPL opened at $77.67 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $78.80. The firm has a market capitalization of $81.25 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.01 and a beta of 1.43. The company has a fifty day moving average of $67.35 and a two-hundred day moving average of $64.60.

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

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of PayPal from $81.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. BMO Capital Markets raised their price target on PayPal from $65.00 to $72.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. New Street Research began coverage on PayPal in a research report on Friday, May 31st. They set a “buy” rating and a $80.00 target price for the company. Finally, Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $68.00 to $72.00 in a research note on Friday, August 9th. Seventeen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average price target of $76.16.

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.