Integrity Financial Corp WA Sells 734 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Integrity Financial Corp WA lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 19.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,045 shares of the credit services provider’s stock after selling 734 shares during the period. Integrity Financial Corp WA’s holdings in PayPal were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PYPL. Brown Financial Advisors acquired a new stake in PayPal during the 2nd quarter valued at $1,454,000. Cape Cod Five Cents Savings Bank bought a new stake in PayPal during the 2nd quarter worth about $3,014,000. Distillate Capital Partners LLC increased its position in PayPal by 156,934.7% in the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock valued at $19,957,000 after acquiring an additional 343,687 shares in the last quarter. Fiduciary Alliance LLC raised its stake in shares of PayPal by 604.7% in the first quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock worth $3,452,000 after acquiring an additional 45,544 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of PayPal by 44.6% during the first 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. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Down 0.5 %

Shares of NASDAQ:PYPL opened at $80.56 on Tuesday. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $82.00. The business has a 50 day moving average of $74.50 and a 200-day moving average of $66.74. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $84.27 billion, a PE ratio of 20.29, a P/E/G ratio of 1.47 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released 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 business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Analysts Set New Price Targets

PYPL has been the subject of several analyst reports. William Blair upgraded shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and issued a $84.00 price target on shares of PayPal in a research report on Wednesday, July 31st. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Canaccord Genuity Group reissued a “buy” rating and issued a $80.00 target price on shares of PayPal in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group decreased their target price on PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.03.

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.