Greenbrier Partners Capital Management LLC Cuts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Greenbrier Partners Capital Management LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 407,131 shares of the credit services provider’s stock after selling 535 shares during the quarter. PayPal comprises about 2.4% of Greenbrier Partners Capital Management LLC’s holdings, making the stock its 11th biggest holding. Greenbrier Partners Capital Management LLC’s holdings in PayPal were worth $31,768,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PYPL. Bruce G. Allen Investments LLC grew its stake in PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares in the last quarter. First United Bank & Trust boosted its stake in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after buying an additional 145 shares during the period. Ritholtz Wealth Management grew its position in shares of PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after buying an additional 152 shares in the last quarter. SYSTM Wealth Solutions LLC increased its stake in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the period. Finally, First Bank & Trust raised its holdings in PayPal by 4.4% in the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after acquiring an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PYPL shares. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted 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. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and increased their target price for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Oppenheimer assumed coverage on PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Piper Sandler reiterated a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a report on Friday, November 22nd. Sixteen 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $83.60.

PayPal Trading Down 0.4 %

NASDAQ:PYPL opened at $86.57 on Friday. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $88.74. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average price of $81.49 and a two-hundred day moving average price of $70.29. The stock has a market capitalization of $86.79 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.54 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its quarterly 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 business had revenue of $7.85 billion during 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%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

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.