Blair William & Co. IL Sells 21,650 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Blair William & Co. IL lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,867 shares of the credit services provider’s stock after selling 21,650 shares during the period. Blair William & Co. IL’s holdings in PayPal were worth $14,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PYPL. SYSTM Wealth Solutions LLC increased its position in PayPal by 50.6% during 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 period. Pittenger & Anderson Inc. increased its position in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. Verity Asset Management Inc. increased its position in PayPal by 1.9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after purchasing an additional 181 shares during the period. Indiana Trust & Investment Management CO increased its position in PayPal by 18.6% during the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after purchasing an additional 184 shares during the period. Finally, Checchi Capital Advisers LLC increased its position in PayPal by 3.1% during the 2nd quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock valued at $358,000 after purchasing an additional 184 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the topic of a number of research reports. New Street Research initiated coverage on shares of PayPal in a report on Friday, May 31st. They set a “buy” rating and a $80.00 target price on the stock. Canaccord Genuity Group restated a “buy” rating and set a $80.00 target price on shares of PayPal in a report on Wednesday, July 31st. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Citigroup boosted their target price on shares of PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Mizuho restated an “outperform” rating and set a $90.00 target price on shares of PayPal in a report on Tuesday, August 20th. Seventeen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.58.

PayPal Price Performance

NASDAQ PYPL opened at $77.57 on Friday. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $78.25. The firm has a market capitalization of $81.14 billion, a P/E ratio of 19.54, a PEG ratio of 1.00 and a beta of 1.43. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $66.68 and a 200-day moving average price of $64.26.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

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.