Xponance Inc. Has $8.61 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Xponance Inc. lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 42.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,282 shares of the credit services provider’s stock after selling 110,572 shares during the period. Xponance Inc.’s holdings in PayPal were worth $8,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SYSTM Wealth Solutions LLC increased its stake in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Verity Asset Management Inc. raised its holdings in shares of PayPal by 1.9% in the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock worth $650,000 after acquiring an additional 181 shares during the last quarter. Indiana Trust & Investment Management CO boosted its stake in PayPal by 18.6% during the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after purchasing an additional 184 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of PayPal by 3.1% during the second quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock valued at $358,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Up 1.2 %

NASDAQ:PYPL opened at $77.67 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $78.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $81.25 billion, a PE ratio of 19.56, a P/E/G ratio of 1.01 and a beta of 1.43. The firm’s 50-day moving average price is $67.35 and its 200-day moving average price is $64.60.

PayPal (NASDAQ:PYPL) last posted its 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. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. On average, equities analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PYPL. Wells Fargo & Company boosted their price objective on PayPal from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Jefferies Financial Group reduced their price objective on PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Finally, Monness Crespi & Hardt boosted their target price on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Seventeen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.