Mattson Financial Services LLC Sells 338 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Mattson Financial Services LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,180 shares of the credit services provider’s stock after selling 338 shares during the period. PayPal makes up 1.2% of Mattson Financial Services LLC’s investment portfolio, making the stock its 21st largest holding. Mattson Financial Services LLC’s holdings in PayPal were worth $3,447,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PYPL. Pittenger & Anderson Inc. increased its position in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares in the last quarter. American National Bank bought a new stake in shares of PayPal during the first quarter valued at approximately $27,000. Family Firm Inc. acquired a new position in shares of PayPal during the second quarter worth approximately $29,000. SYSTM Wealth Solutions LLC lifted its holdings in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in PayPal in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PYPL shares. JPMorgan Chase & Co. raised their price objective on shares of PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Barclays raised their price target on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Mizuho reissued an “outperform” rating and set a $90.00 price objective on shares of PayPal in a report on Tuesday, August 20th. StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. Finally, Susquehanna lifted their target price on PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research report on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.41.

PayPal Trading Up 1.1 %

Shares of PYPL opened at $81.16 on Wednesday. The business’s 50-day moving average price is $71.11 and its 200-day moving average price is $65.71. 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 twelve month low of $50.25 and a twelve month high of $81.40. The stock has a market cap of $84.90 billion, a PE ratio of 20.44, a P/E/G ratio of 1.41 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly 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. The firm 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 business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

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.