First Financial Bankshares Inc Sells 244 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

First Financial Bankshares Inc decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,757 shares of the credit services provider’s stock after selling 244 shares during the quarter. First Financial Bankshares Inc’s holdings in PayPal were worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Brown Financial Advisors purchased a new position in shares of PayPal during the second quarter valued at approximately $1,454,000. Cape Cod Five Cents Savings Bank bought a new stake in shares of PayPal during the second quarter valued at approximately $3,014,000. Distillate Capital Partners LLC boosted its holdings in PayPal by 156,934.7% in the second quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after acquiring an additional 343,687 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in PayPal by 44.6% in the first quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock worth $83,000 after acquiring an additional 381 shares in the last quarter. Finally, Alta Wealth Advisors LLC bought a new position in shares of PayPal during the third quarter valued at $808,000. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. William Blair upgraded PayPal to a “hold” rating in a research report on Tuesday, July 30th. Barclays increased their target price on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Macquarie increased their price target on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $80.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. Seventeen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $78.03.

PayPal Stock Up 0.4 %

PayPal stock opened at $81.70 on Monday. 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 12-month low of $50.25 and a 12-month high of $82.80. The firm’s fifty day moving average is $75.65 and its 200 day moving average is $67.17. The company has a market capitalization of $85.46 billion, a PE ratio of 20.58, a PEG ratio of 1.50 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $7.82 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.44 EPS for the current fiscal year.

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.