Rossmore Private Capital Has $285,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Rossmore Private Capital cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,652 shares of the credit services provider’s stock after selling 210 shares during the period. Rossmore Private Capital’s holdings in PayPal were worth $285,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. United Advisor Group LLC bought a new stake in shares of PayPal in the third quarter valued at approximately $810,000. FCG Investment Co acquired a new stake in shares of PayPal in the 3rd quarter valued at $1,079,000. Brown Financial Advisors bought a new position in shares of PayPal in the 2nd quarter valued at $1,454,000. Weil Company Inc. raised its holdings in shares of PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after buying an additional 17,003 shares in the last quarter. Finally, Versor Investments LP lifted its position in shares of PayPal by 115.9% during the 3rd quarter. Versor Investments LP now owns 26,223 shares of the credit services provider’s stock worth $2,046,000 after buying an additional 14,079 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

Shares of PYPL opened at $86.40 on Wednesday. The firm has a market cap of $86.62 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.55 and a beta of 1.43. PayPal Holdings, Inc. has a 52-week low of $53.98 and a 52-week high of $87.92. The business’s 50 day moving average price is $77.95 and its two-hundred day moving average price is $68.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Analyst Ratings Changes

PYPL has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. upped their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their target price on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Finally, Phillip Securities reiterated an “accumulate” rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Fifteen investment 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 stock. According to MarketBeat, the company presently 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.