Boston Financial Mangement LLC Has $275,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Boston Financial Mangement LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 74.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,735 shares of the credit services provider’s stock after selling 13,669 shares during the period. Boston Financial Mangement LLC’s holdings in PayPal were worth $275,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of PayPal in the fourth quarter worth about $749,561,000. The Manufacturers Life Insurance Company raised its holdings in PayPal by 125.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after buying an additional 958,130 shares during the period. Clearbridge Investments LLC lifted its stake in PayPal by 15.8% in the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after buying an additional 904,804 shares in the last quarter. Boston Partners lifted its stake in PayPal by 4,024.5% in the fourth quarter. Boston Partners now owns 783,248 shares of the credit services provider’s stock valued at $48,099,000 after buying an additional 764,258 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of PayPal by 1,309.2% during the fourth quarter. Panagora Asset Management Inc. now owns 800,648 shares of the credit services provider’s stock worth $49,168,000 after acquiring an additional 743,833 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research reports. Citigroup increased their target price on PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Evercore ISI lifted their price objective on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Jefferies Financial Group lowered their price objective on shares of PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Finally, TD Cowen lifted their price objective on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Eighteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $75.56.

PayPal Trading Down 1.0 %

NASDAQ PYPL opened at $72.43 on Friday. The company has a market cap of $75.77 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 0.97 and a beta of 1.42. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $73.93. 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 business’s fifty day moving average is $62.98 and its 200 day moving average is $62.99.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.42 EPS 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.