Great Valley Advisor Group Inc. Sells 436 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Great Valley Advisor Group Inc. lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,303 shares of the credit services provider’s stock after selling 436 shares during the period. Great Valley Advisor Group Inc.’s holdings in PayPal were worth $570,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Mizuho Securities USA LLC raised its holdings in PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after acquiring an additional 10,419,351 shares in the last quarter. Legal & General Group Plc lifted its stake in PayPal by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock valued at $501,184,000 after purchasing an additional 276,287 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after acquiring an additional 1,866,925 shares in the last quarter. Primecap Management Co. CA grew its holdings in shares of PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after purchasing an additional 1,069,356 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in PayPal by 12.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,189,947 shares of the credit services provider’s stock worth $248,912,000 after acquiring an additional 364,851 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen upped their price target on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their price objective on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Finally, StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Sixteen 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.60.

PayPal Stock Down 0.9 %

Shares of NASDAQ PYPL opened at $86.94 on Wednesday. The business has a 50-day moving average of $81.04 and a 200-day moving average of $70.06. The firm has a market capitalization of $87.16 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a 12 month low of $55.71 and a 12 month high of $88.74. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal 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.