PayPal Holdings, Inc. (NASDAQ:PYPL) Position Trimmed by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,754 shares of the credit services provider’s stock after selling 2,191 shares during the quarter. GHP Investment Advisors Inc.’s holdings in PayPal were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in PYPL. Bruce G. Allen Investments LLC increased its position in PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares during the last quarter. First United Bank & Trust increased its holdings in PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after buying an additional 145 shares during the last quarter. Ritholtz Wealth Management raised its position in PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 152 shares in the last quarter. SYSTM Wealth Solutions LLC lifted its stake in PayPal by 50.6% in the second 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, First Bank & Trust grew its position in PayPal by 4.4% in the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock worth $313,000 after acquiring an additional 171 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent research reports. Macquarie raised their price target on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Wells Fargo & Company upped their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Finally, William Blair raised PayPal to a “hold” rating in a research report on Tuesday, July 30th. Seventeen investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $78.03.

PayPal Stock Up 0.4 %

Shares of NASDAQ PYPL opened at $81.70 on Monday. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $82.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The business has a fifty day moving average of $75.65 and a two-hundred day moving average of $67.17. The stock has a market cap of $85.46 billion, a PE ratio of 20.58, a PEG ratio of 1.50 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly 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 firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

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.