PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,607 shares of the credit services provider’s stock after selling 742 shares during the quarter. Avior Wealth Management LLC’s holdings in PayPal were worth $1,842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mizuho Securities USA LLC raised its holdings in PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after acquiring an additional 10,419,351 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of PayPal by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after buying an additional 276,287 shares during the last quarter. Clearbridge Investments LLC lifted its position in PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after buying an additional 1,866,925 shares in the last quarter. Primecap Management Co. CA grew its stake in PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after buying an additional 3,184,160 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of PayPal by 12.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,189,947 shares of the credit services provider’s stock worth $248,912,000 after acquiring an additional 364,851 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Down 0.7 %

PYPL opened at $84.09 on Wednesday. PayPal Holdings, Inc. has a 1-year low of $55.28 and a 1-year high of $87.92. The company has a market cap of $84.30 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43. The company has a fifty day moving average price of $79.47 and a two-hundred day moving average price of $69.29. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the company posted $0.97 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts predict that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Monness Crespi & Hardt boosted their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Argus raised PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Phillip Securities reissued an “accumulate” rating and issued a $90.00 target price (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Finally, Susquehanna upped their target price on PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $83.45.

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.