PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 126,037 shares of the credit services provider’s stock after selling 2,133 shares during the quarter. Pacer Advisors Inc.’s holdings in PayPal were worth $9,835,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PYPL. Family Firm Inc. acquired a new position in PayPal during the second quarter valued at $29,000. SYSTM Wealth Solutions LLC raised its stake in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares during the period. Planning Capital Management Corp boosted its stake in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in PayPal during the first quarter worth about $34,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

PayPal stock opened at $86.77 on Friday. The stock has a market cap of $86.99 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43. PayPal Holdings, Inc. has a 1-year low of $55.55 and a 1-year high of $87.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $80.41 and a 200-day simple moving average of $69.68.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. PayPal’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group increased their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Jefferies Financial Group reduced their price target on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Finally, Piper Sandler reissued a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a report on Friday. Sixteen 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 data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $83.60.

About PayPal

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.