Franklin Street Advisors Inc. NC Sells 4,988 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Franklin Street Advisors Inc. NC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,297 shares of the credit services provider’s stock after selling 4,988 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in PayPal were worth $1,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brown Financial Advisors bought a new position in shares of PayPal in the 2nd quarter worth approximately $1,454,000. Cape Cod Five Cents Savings Bank purchased a new position in PayPal during the 2nd quarter valued at about $3,014,000. Distillate Capital Partners LLC grew its stake in shares of PayPal by 156,934.7% in the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after buying an additional 343,687 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in shares of PayPal by 604.7% during the first quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock valued at $3,452,000 after buying an additional 45,544 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in PayPal by 44.6% during the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock valued at $83,000 after acquiring an additional 381 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

PYPL traded up $1.01 on Friday, reaching $79.99. 751,844 shares of the company’s stock were exchanged, compared to its average volume of 13,802,831. The stock has a market cap of $81.78 billion, a PE ratio of 19.12, a P/E/G ratio of 1.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $82.00. The stock’s fifty day moving average price is $72.05 and its 200-day moving average price is $66.02.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.20. The company 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 firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on PYPL. Monness Crespi & Hardt boosted their price target on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. BMO Capital Markets increased their price target on PayPal from $72.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group cut their price target on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Finally, Wells Fargo & Company boosted their price target on shares of PayPal from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Seventeen equities research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $76.47.

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.