Riverstone Advisors LLC Has $533,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Riverstone Advisors LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 47.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,829 shares of the credit services provider’s stock after selling 6,143 shares during the quarter. PayPal makes up about 0.3% of Riverstone Advisors LLC’s portfolio, making the stock its 27th largest holding. Riverstone Advisors LLC’s holdings in PayPal were worth $533,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PYPL. Family Firm Inc. bought a new stake in PayPal in the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC boosted its stake in shares of PayPal by 50.6% in the 2nd 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 during the last quarter. Tortoise Investment Management LLC boosted its stake in shares of PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of PayPal during the first quarter worth $34,000. Finally, Financial Management Professionals Inc. raised its stake in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $83.01 on Friday. The firm has a market capitalization of $83.22 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The business’s fifty day simple moving average is $77.37 and its 200 day simple moving average is $68.28. PayPal Holdings, Inc. has a 12 month low of $53.87 and a 12 month high of $83.70.

PayPal (NASDAQ:PYPL) last issued its quarterly 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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the firm earned $0.97 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Analyst Ratings Changes

PYPL has been the subject of a number of recent analyst reports. Monness Crespi & Hardt increased their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Morgan Stanley boosted their price target on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price objective on shares of PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. William Blair upgraded shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company raised their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Fifteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PayPal has an average rating of “Moderate Buy” and a consensus price target of $83.45.

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.