New Hampshire Trust lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 0.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 24,166 shares of the credit services provider’s stock after selling 199 shares during the period. New Hampshire Trust’s holdings in PayPal were worth $1,613,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. DoubleLine ETF Adviser LP acquired a new position in PayPal during the 1st quarter valued at about $973,000. Pinnacle Financial Partners Inc. boosted its stake in shares of PayPal by 16.9% in the 1st quarter. Pinnacle Financial Partners Inc. now owns 95,208 shares of the credit services provider’s stock worth $7,230,000 after buying an additional 13,762 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of PayPal by 301.8% in the 1st quarter. Brookstone Capital Management now owns 50,319 shares of the credit services provider’s stock worth $3,891,000 after buying an additional 37,797 shares during the last quarter. Albion Financial Group UT boosted its stake in shares of PayPal by 4.6% in the 1st quarter. Albion Financial Group UT now owns 5,813 shares of the credit services provider’s stock worth $441,000 after buying an additional 257 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of PayPal by 60.5% in the 1st quarter. CIBC Private Wealth Group LLC now owns 107,586 shares of the credit services provider’s stock worth $9,499,000 after buying an additional 40,553 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on PYPL. StockNews.com began coverage on PayPal in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Mizuho restated a “buy” rating and issued a $92.00 target price on shares of PayPal in a research note on Friday. Credit Suisse Group reiterated a “neutral” rating and issued a $80.00 price objective on shares of PayPal in a research note on Monday, July 24th. Morgan Stanley lowered their target price on shares of PayPal from $133.00 to $126.00 and set an “overweight” rating on the stock in a report on Thursday, August 3rd. Finally, Atlantic Securities cut shares of PayPal from an “overweight” rating to a “neutral” rating and set a $72.00 target price on the stock. in a report on Tuesday, June 13th. One 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.03.
PayPal Trading Down 0.4 %
Shares of PayPal stock traded down $0.23 during trading on Friday, reaching $64.21. 21,843,532 shares of the stock were exchanged, compared to its average volume of 12,513,100. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average is $66.04 and its 200 day moving average is $68.38. The firm has a market cap of $70.51 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. PayPal Holdings, Inc. has a 1 year low of $57.29 and a 1 year high of $95.64.
PayPal (NASDAQ:PYPL – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.16. The company had revenue of $7.29 billion during the quarter, compared to analyst estimates of $7.27 billion. PayPal had a net margin of 14.27% and a return on equity of 20.31%. PayPal’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 3.81 earnings per share for the current fiscal year.
PayPal Company Profile
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.
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