Pingora Partners LLC Reduces Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Pingora Partners LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,436 shares of the credit services provider’s stock after selling 625 shares during the period. Pingora Partners LLC’s holdings in PayPal were worth $658,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PYPL. Bruce G. Allen Investments LLC raised its holdings in PayPal by 7.4% in the 3rd 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 in the last quarter. First United Bank & Trust increased its position in PayPal by 6.4% during 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 in the last quarter. Ritholtz Wealth Management raised its position in shares of PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC lifted 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 buying an additional 167 shares in the last quarter. Finally, First Bank & Trust boosted its stake in PayPal by 4.4% during the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after purchasing an additional 171 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PYPL shares. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Susquehanna raised their price target on PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, Morgan Stanley increased their price target on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

PayPal Price Performance

PayPal stock opened at $85.14 on Wednesday. The firm’s 50-day moving average is $82.01 and its two-hundred day moving average is $70.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $85.36 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $88.74.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the company earned $0.97 EPS. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

About PayPal

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.