Aua Capital Management LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 12.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 6,246 shares of the credit services provider’s stock after selling 850 shares during the quarter. Aua Capital Management LLC’s holdings in PayPal were worth $417,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. DoubleLine ETF Adviser LP purchased a new stake in shares of PayPal in the first quarter valued at about $973,000. Pinnacle Financial Partners Inc. lifted its stake in shares of PayPal by 16.9% in the first quarter. Pinnacle Financial Partners Inc. now owns 95,208 shares of the credit services provider’s stock valued at $7,230,000 after purchasing an additional 13,762 shares during the period. Curated Wealth Partners LLC lifted its stake in shares of PayPal by 5.2% in the second quarter. Curated Wealth Partners LLC now owns 3,683 shares of the credit services provider’s stock valued at $246,000 after purchasing an additional 182 shares during the period. Brookstone Capital Management lifted its stake in shares of PayPal by 301.8% in the first quarter. Brookstone Capital Management now owns 50,319 shares of the credit services provider’s stock valued at $3,891,000 after purchasing an additional 37,797 shares during the period. Finally, Albion Financial Group UT lifted its stake in shares of PayPal by 4.6% in the first quarter. Albion Financial Group UT now owns 5,813 shares of the credit services provider’s stock valued at $441,000 after purchasing an additional 257 shares during the period. 68.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently commented on PYPL. Jefferies Financial Group raised their price objective on shares of PayPal from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, July 24th. Truist Financial lifted their target price on shares of PayPal from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of PayPal from $100.00 to $80.00 in a research report on Friday, June 9th. Canaccord Genuity Group cut their price objective on shares of PayPal from $160.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. Finally, Oppenheimer cut their price objective on shares of PayPal from $89.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.48.
PayPal Stock Performance
NASDAQ:PYPL traded down $1.08 during mid-day trading on Monday, hitting $63.13. The stock had a trading volume of 1,075,665 shares, compared to its average volume of 15,244,787. The stock has a market capitalization of $69.32 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 0.97 and a beta of 1.34. The company has a 50 day simple moving average of $66.04 and a 200-day simple moving average of $68.34. PayPal Holdings, Inc. has a 52 week low of $57.29 and a 52 week high of $95.64. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54.
PayPal (NASDAQ:PYPL – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. The firm had revenue of $7.29 billion for 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%. PayPal’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. On average, 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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