PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Cut by Incline Global Management LLC

Incline Global Management LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,607 shares of the credit services provider’s stock after selling 45,831 shares during the period. PayPal accounts for 3.9% of Incline Global Management LLC’s portfolio, making the stock its 19th biggest holding. Incline Global Management LLC’s holdings in PayPal were worth $8,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Planning Capital Management Corp grew its position in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the last quarter. Family Firm Inc. acquired a new stake in PayPal in the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted its holdings in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in 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 acquiring an additional 465 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

PYPL stock traded down $1.63 during midday trading on Tuesday, hitting $84.90. 983,336 shares of the company traded hands, compared to its average volume of 13,176,282. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $88.74. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The business has a 50 day simple moving average of $81.87 and a 200-day simple moving average of $70.69. The stock has a market capitalization of $85.12 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PYPL shares. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Robert W. Baird upped their price target on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

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.