Integrated Advisors Network LLC Lowers Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Integrated Advisors Network LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,897 shares of the credit services provider’s stock after selling 304 shares during the period. Integrated Advisors Network LLC’s holdings in PayPal were worth $538,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC lifted its holdings in shares of PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares during the period. First United Bank & Trust lifted its holdings in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after buying an additional 145 shares during the period. Ritholtz Wealth Management boosted its stake in shares of PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after buying an additional 152 shares in the last quarter. SYSTM Wealth Solutions LLC grew its holdings in PayPal by 50.6% during 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 during the period. Finally, First Bank & Trust raised its position in PayPal by 4.4% in the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock worth $313,000 after acquiring an additional 171 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PYPL shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a report on Wednesday, September 18th. Monness Crespi & Hardt boosted their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday. Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. The Goldman Sachs Group boosted their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, TD Cowen upped their target price on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.03.

PayPal Stock Up 1.4 %

Shares of NASDAQ PYPL opened at $79.30 on Friday. The stock has a fifty day moving average price of $76.39 and a 200 day moving average price of $67.56. 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 12-month low of $50.80 and a 12-month high of $83.70. The company has a market cap of $82.95 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.12. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 4.44 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.