RPG Investment Advisory LLC Lowers Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

RPG Investment Advisory LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,449 shares of the credit services provider’s stock after selling 1,310 shares during the quarter. RPG Investment Advisory LLC’s holdings in PayPal were worth $4,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of PayPal by 12.5% during 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 acquiring an additional 138,875 shares during the period. Dakota Wealth Management increased its position in PayPal by 8.6% during the 1st quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock worth $566,000 after purchasing an additional 387 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of PayPal by 15.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock valued at $793,000 after buying an additional 918 shares during the period. Covestor Ltd lifted its holdings in shares of PayPal by 136.1% in the 1st quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock valued at $154,000 after buying an additional 769 shares during the period. 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 valued at $358,000 after buying an additional 155 shares in the last quarter. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Up 0.2 %

PYPL stock traded up $0.12 during trading on Monday, reaching $56.66. 2,885,714 shares of the stock traded hands, compared to its average volume of 15,142,958. The firm has a market capitalization of $61.09 billion, a PE ratio of 16.85, a P/E/G ratio of 0.91 and a beta of 1.38. 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 $56.94 and its 200-day moving average price is $62.59. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $88.63.

PayPal (NASDAQ:PYPL) last issued its earnings results on Wednesday, November 1st. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. PayPal had a return on equity of 20.78% and a net margin of 12.93%. The business had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.39 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 3.84 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PYPL shares. BTIG Research increased their price target on shares of PayPal from $85.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Friday. The Goldman Sachs Group lowered their price target on PayPal from $89.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. HSBC began coverage on PayPal in a report on Friday, October 13th. They set a “buy” rating and a $69.00 price objective for the company. Finally, Moffett Nathanson reissued a “market perform” rating and issued a $75.00 target price on shares of PayPal in a report on Monday, September 18th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average price target of $78.77.

PayPal 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.