PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 192,963 shares of the credit services provider’s stock after selling 13,492 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in PayPal were worth $11,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in PayPal by 11.1% during the 4th quarter. International Assets Investment Management LLC now owns 10,716 shares of the credit services provider’s stock worth $658,000 after purchasing an additional 1,073 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of PayPal by 67.8% in the fourth quarter. Russell Investments Group Ltd. now owns 465,605 shares of the credit services provider’s stock worth $28,658,000 after purchasing an additional 188,089 shares during the last quarter. Principle Wealth Partners LLC bought a new position in shares of PayPal during the fourth quarter valued at approximately $206,000. Legacy Capital Wealth Partners LLC lifted its holdings in shares of PayPal by 30.7% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 7,945 shares of the credit services provider’s stock valued at $488,000 after purchasing an additional 1,868 shares during the last quarter. Finally, Silver Oak Securities Incorporated boosted its position in shares of PayPal by 60.1% in the 4th quarter. Silver Oak Securities Incorporated now owns 5,028 shares of the credit services provider’s stock worth $309,000 after purchasing an additional 1,887 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have 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 Thursday, July 11th. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. TD Cowen raised their price objective on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Tuesday, April 30th. Seventeen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.56.

PayPal Stock Performance

PayPal stock traded down $0.45 on Tuesday, reaching $71.59. 9,390,298 shares of the stock were exchanged, compared to its average volume of 14,357,911. 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 twelve month low of $50.25 and a twelve month high of $73.25. The firm has a fifty day moving average price of $62.23 and a two-hundred day moving average price of $62.78. The stock has a market cap of $74.89 billion, a PE ratio of 18.03, a PEG ratio of 0.97 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 EPS. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current 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.