Banco Santander S.A. Sells 16,395 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Banco Santander S.A. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.7% during the 3rd quarter, Holdings Channel reports. The fund owned 152,259 shares of the credit services provider’s stock after selling 16,395 shares during the period. Banco Santander S.A.’s holdings in PayPal were worth $11,881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Family Firm Inc. purchased a new position in PayPal in the second quarter worth about $29,000. SYSTM Wealth Solutions LLC boosted its holdings in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the period. Tortoise Investment Management LLC increased its position in shares of PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares during the last quarter. Planning Capital Management Corp lifted its position in 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 purchased a new position in PayPal during the first quarter worth $34,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PYPL shares. Royal Bank of Canada lifted their price target on shares of PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen increased their price target on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Morgan Stanley boosted their price objective on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Oppenheimer began coverage on PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, BMO Capital Markets upped their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Fifteen 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.45.

PayPal Trading Up 0.4 %

NASDAQ:PYPL opened at $85.04 on Friday. The company has a market capitalization of $85.26 billion, a P/E ratio of 20.30, a PEG ratio of 1.50 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12 month low of $55.55 and a 12 month high of $87.92. The firm has a fifty day simple moving average of $80.07 and a 200-day simple moving average of $69.51.

PayPal (NASDAQ:PYPL) last announced 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 for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

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.