PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Saybrook Capital NC

Saybrook Capital NC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 42.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,576 shares of the credit services provider’s stock after selling 55,084 shares during the quarter. PayPal makes up approximately 1.7% of Saybrook Capital NC’s holdings, making the stock its 18th biggest holding. Saybrook Capital NC’s holdings in PayPal were worth $5,897,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PYPL. Allspring Global Investments Holdings LLC grew its position in shares of PayPal by 18.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock valued at $15,686,000 after buying an additional 36,994 shares during the last quarter. Albion Financial Group UT boosted its position in PayPal by 7.8% during the 1st quarter. Albion Financial Group UT now owns 4,208 shares of the credit services provider’s stock valued at $282,000 after purchasing an additional 305 shares during the period. Norden Group LLC grew its stake in PayPal by 197.3% during the 1st quarter. Norden Group LLC now owns 82,620 shares of the credit services provider’s stock worth $5,535,000 after buying an additional 54,832 shares during the last quarter. Kovack Advisors Inc. increased its position in PayPal by 10.2% in the first quarter. Kovack Advisors Inc. now owns 40,615 shares of the credit services provider’s stock worth $2,721,000 after buying an additional 3,744 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its stake in PayPal by 23.3% in the first quarter. First Trust Direct Indexing L.P. now owns 23,463 shares of the credit services provider’s stock valued at $1,572,000 after buying an additional 4,434 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of PYPL opened at $80.28 on Wednesday. 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 firm has a market cap of $83.98 billion, a PE ratio of 20.22, a PEG ratio of 1.51 and a beta of 1.44. The firm’s 50 day moving average price is $76.10 and its 200 day moving average price is $67.41. PayPal Holdings, Inc. has a twelve month low of $50.58 and a twelve month high of $83.70.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. BMO Capital Markets boosted their price objective on PayPal from $72.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. UBS Group raised their target price on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Argus raised PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Mizuho lifted their price objective on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Seventeen research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.77.

PayPal 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.