Grandview Asset Management LLC Sells 345 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Grandview Asset Management LLC trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,434 shares of the credit services provider’s stock after selling 345 shares during the quarter. Grandview Asset Management LLC’s holdings in PayPal were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd lifted its holdings in shares of PayPal by 55.6% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 6,621 shares of the credit services provider’s stock valued at $442,000 after buying an additional 2,367 shares during the period. Renaissance Investment Group LLC lifted its holdings in shares of PayPal by 0.8% during the 2nd quarter. Renaissance Investment Group LLC now owns 76,930 shares of the credit services provider’s stock valued at $5,134,000 after buying an additional 641 shares during the period. Capital Market Strategies LLC bought a new position in shares of PayPal during the 2nd quarter valued at $381,000. Glassy Mountain Advisors Inc. bought a new position in shares of PayPal during the 2nd quarter valued at $2,453,000. Finally, Green Alpha Advisors LLC lifted its holdings in shares of PayPal by 10.0% during the 2nd quarter. Green Alpha Advisors LLC now owns 5,302 shares of the credit services provider’s stock valued at $354,000 after buying an additional 482 shares during the period. 68.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PYPL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on PayPal from $100.00 to $80.00 in a research note on Friday, June 9th. Wedbush restated an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a research note on Thursday, August 3rd. Canaccord Genuity Group reduced their price objective on PayPal from $160.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. Barclays reduced their price objective on PayPal from $92.00 to $88.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Finally, Truist Financial increased their price target on PayPal from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. One equities 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.03.

PayPal Trading Up 1.1 %

NASDAQ PYPL traded up $0.74 during trading on Friday, hitting $65.18. The stock had a trading volume of 4,946,629 shares, compared to its average volume of 15,228,724. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $71.57 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 0.95 and a beta of 1.34. PayPal Holdings, Inc. has a one year low of $57.29 and a one year high of $95.64. The stock has a 50 day simple moving average of $66.09 and a 200 day simple moving average of $68.48.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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 business had revenue of $7.29 billion during the quarter, compared to the consensus estimate of $7.27 billion. PayPal had a net margin of 14.27% and a return on equity of 20.31%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. Sell-side analysts predict that PayPal Holdings, Inc. will post 3.81 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. 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.