X Square Capital LLC Sells 901 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

X Square Capital LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.3% in the second quarter, Holdings Channel reports. The fund owned 38,455 shares of the credit services provider’s stock after selling 901 shares during the period. X Square Capital LLC’s holdings in PayPal were worth $2,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pittenger & Anderson Inc. increased its position in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. American National Bank acquired a new stake in shares of PayPal during the first quarter worth approximately $27,000. Register Financial Advisors LLC bought a new position in shares of PayPal in the first quarter valued at approximately $30,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 185 shares in the last quarter. Finally, Private Wealth Management Group LLC bought a new stake in PayPal during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PYPL. StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. UBS Group lifted their price target on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. BMO Capital Markets increased their price objective on shares of PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $84.00 target price on shares of PayPal in a research note on Wednesday, July 31st. Finally, Mizuho reiterated an “outperform” rating and set a $90.00 target price on shares of PayPal in a research report on Tuesday, August 20th. Eighteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.56.

PayPal Stock Performance

Shares of PYPL opened at $68.89 on Monday. The firm’s 50 day moving average price is $64.50 and its two-hundred day moving average price is $63.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $74.40. The firm has a market cap of $70.43 billion, a P/E ratio of 17.35, a PEG ratio of 0.98 and a beta of 1.43.

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

PayPal Company 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.