Virtu Financial LLC Cuts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Virtu Financial LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 88.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,587 shares of the credit services provider’s stock after selling 110,020 shares during the quarter. Virtu Financial LLC’s holdings in PayPal were worth $1,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC lifted its position in PayPal by 8,092.3% in the second quarter. ORG Partners LLC now owns 1,065 shares of the credit services provider’s stock valued at $62,000 after purchasing an additional 1,052 shares during the period. Swedbank AB lifted its holdings in shares of PayPal by 0.3% in the 2nd quarter. Swedbank AB now owns 633,223 shares of the credit services provider’s stock valued at $36,746,000 after buying an additional 1,825 shares during the period. Miracle Mile Advisors LLC boosted its stake in shares of PayPal by 3.7% in the second quarter. Miracle Mile Advisors LLC now owns 11,787 shares of the credit services provider’s stock valued at $684,000 after buying an additional 426 shares in the last quarter. Blue Trust Inc. grew its holdings in PayPal by 21.2% during the second quarter. Blue Trust Inc. now owns 3,358 shares of the credit services provider’s stock worth $195,000 after acquiring an additional 588 shares during the period. Finally, Brookstone Capital Management raised its position in PayPal by 107.9% in the second quarter. Brookstone Capital Management now owns 11,241 shares of the credit services provider’s stock worth $688,000 after acquiring an additional 5,834 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PYPL shares. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Saturday. Mizuho increased their target price on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Stephens boosted their price target on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, UBS Group raised their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average target price of $86.74.

PayPal Stock Performance

NASDAQ PYPL opened at $91.02 on Friday. The business’s 50-day moving average price is $83.87 and its 200 day moving average price is $72.23. 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 twelve month low of $55.77 and a twelve month high of $93.66. The company has a market capitalization of $91.25 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

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

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.