Dillon & Associates Inc. Cuts Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Dillon & Associates Inc. trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 38.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,476 shares of the credit services provider’s stock after selling 4,731 shares during the quarter. Dillon & Associates Inc.’s holdings in PayPal were worth $583,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PYPL. United Advisor Group LLC purchased a new position in shares of PayPal in the 3rd quarter worth about $810,000. FCG Investment Co bought a new stake in PayPal in the third quarter worth about $1,079,000. Brown Financial Advisors purchased a new position in PayPal in the second quarter valued at about $1,454,000. Weil Company Inc. grew its position in shares of PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after acquiring an additional 17,003 shares during the period. Finally, Versor Investments LP increased its stake in shares of PayPal by 115.9% during the 3rd quarter. Versor Investments LP now owns 26,223 shares of the credit services provider’s stock worth $2,046,000 after purchasing an additional 14,079 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 0.6 %

Shares of NASDAQ PYPL opened at $86.40 on Wednesday. The company has a market cap of $86.62 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.55 and a beta of 1.43. 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 firm’s fifty day moving average is $77.67 and its 200 day moving average is $68.49. PayPal Holdings, Inc. has a 52 week low of $53.98 and a 52 week high of $87.92.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. On average, equities research analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PYPL. Wells Fargo & Company raised their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group upped their price objective on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target 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, TD Cowen boosted their target price on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Fifteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.45.

PayPal Company 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.