YHB Investment Advisors Inc. Reduces Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

YHB Investment Advisors Inc. reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,322 shares of the credit services provider’s stock after selling 835 shares during the period. YHB Investment Advisors Inc.’s holdings in PayPal were worth $1,040,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pittenger & Anderson Inc. increased its holdings in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. Family Firm Inc. acquired a new position in PayPal in the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC boosted its holdings 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 purchasing an additional 167 shares in the last quarter. Register Financial Advisors LLC purchased a new position in PayPal in the first quarter valued at approximately $30,000. Finally, Tortoise Investment Management LLC raised its holdings in PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent analyst reports. TD Cowen increased their target price on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Macquarie lifted their target price on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their target price on PayPal from $72.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Royal Bank of Canada restated an “outperform” rating and set a $84.00 price target on shares of PayPal in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.03.

PayPal Stock Performance

Shares of PYPL stock opened at $80.83 on Thursday. The stock has a fifty day moving average price of $75.11 and a 200 day moving average price of $66.95. 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 stock has a market cap of $82.63 billion, a PE ratio of 19.57, a P/E/G ratio of 1.47 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $82.24.

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, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate 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. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal 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.