PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Trail Ridge Investment Advisors LLC

Trail Ridge Investment Advisors LLC cut its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,202 shares of the credit services provider’s stock after selling 1,208 shares during the period. Trail Ridge Investment Advisors LLC’s holdings in PayPal were worth $1,306,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of PayPal by 12.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock worth $144,215,000 after buying an additional 138,875 shares during the last quarter. Dakota Wealth Management boosted its stake in shares of PayPal by 8.6% in the first quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock worth $566,000 after buying an additional 387 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of PayPal by 15.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock worth $793,000 after buying an additional 918 shares during the last quarter. Covestor Ltd boosted its stake in shares of PayPal by 136.1% in the first quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock worth $154,000 after buying an additional 769 shares during the last quarter. Finally, Donaldson Capital Management LLC boosted its stake in shares of PayPal by 5.3% in the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock worth $358,000 after buying an additional 155 shares during the last quarter. 68.42% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL traded down $0.96 during midday trading on Friday, reaching $60.69. 5,353,768 shares of the stock were exchanged, compared to its average volume of 15,304,437. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50-day moving average price is $66.59 and its 200 day moving average price is $68.90. PayPal Holdings, Inc. has a twelve month low of $57.29 and a twelve month high of $99.30. The company has a market capitalization of $66.64 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.95 and a beta of 1.34.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.16. The company had revenue of $7.29 billion for the quarter, compared to analysts’ expectations of $7.27 billion. PayPal had a return on equity of 20.31% and a net margin of 14.27%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 3.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PYPL shares. Barclays lowered their price target on PayPal from $92.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Jefferies Financial Group increased their price target on PayPal from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, July 24th. Atlantic Securities downgraded PayPal from an “overweight” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research report on Tuesday, June 13th. Canaccord Genuity Group lowered their price target on PayPal from $160.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. Finally, JPMorgan Chase & Co. increased their price target on PayPal from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.03.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.