M Holdings Securities Inc. Sells 936 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

M Holdings Securities Inc. trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,327 shares of the credit services provider’s stock after selling 936 shares during the period. M Holdings Securities Inc.’s holdings in PayPal were worth $2,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. raised its stake in PayPal by 18.5% in the first quarter. Bessemer Group Inc. now owns 12,898 shares of the credit services provider’s stock valued at $863,000 after buying an additional 2,018 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in shares of PayPal in the 1st quarter valued at approximately $429,000. Westwood Holdings Group Inc. acquired a new stake in PayPal in the 1st quarter worth approximately $251,000. 1832 Asset Management L.P. boosted its stake in PayPal by 44.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock worth $83,000 after purchasing an additional 381 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in PayPal during the 1st quarter valued at approximately $83,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 2.3 %

PayPal stock opened at $86.77 on Friday. The company has a market capitalization of $86.99 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a fifty-two week low of $55.55 and a fifty-two week high of $87.92. The firm has a 50 day moving average price of $80.41 and a 200 day moving average price of $69.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating 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 business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Research analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PYPL shares. Stephens lifted their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Argus raised PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Oppenheimer initiated coverage on PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Sixteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

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.