Silver Oak Securities Incorporated lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 10.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,130 shares of the credit services provider’s stock after selling 499 shares during the period. Silver Oak Securities Incorporated’s holdings in PayPal were worth $314,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PYPL. Mirae Asset Global Investments Co. Ltd. boosted its stake in PayPal by 12.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock valued at $144,215,000 after purchasing an additional 138,875 shares during the period. Dakota Wealth Management raised its position in shares of PayPal by 8.6% during the 1st quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock worth $566,000 after buying an additional 387 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of PayPal by 15.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock worth $793,000 after buying an additional 918 shares in the last quarter. Covestor Ltd raised its position in shares of PayPal by 136.1% during the 1st quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock worth $154,000 after buying an additional 769 shares in the last quarter. Finally, Donaldson Capital Management LLC raised its holdings in shares of PayPal by 5.3% in the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock worth $358,000 after purchasing an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 72.83% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Jefferies Financial Group boosted their target price on shares of PayPal from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, July 24th. BTIG Research lifted their target price on shares of PayPal from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Mizuho lowered their price objective on shares of PayPal from $100.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 19th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price objective on shares of PayPal in a research report on Thursday. Finally, Oppenheimer decreased their target price on shares of PayPal from $89.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.03.
PayPal Stock Performance
PayPal stock opened at $62.75 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.54. PayPal Holdings, Inc. has a 1 year low of $58.95 and a 1 year high of $103.03. The company has a market cap of $70.01 billion, a PE ratio of 17.53, a PEG ratio of 0.93 and a beta of 1.33. The company’s 50-day moving average is $68.09 and its two-hundred day moving average is $71.94.
PayPal (NASDAQ:PYPL – Get Free Report) last released its earnings results on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.16. PayPal had a net margin of 14.27% and a return on equity of 20.31%. The company had revenue of $7.29 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.
PayPal Profile
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
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