PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 343,078 shares of the credit services provider’s stock after selling 100,714 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PayPal were worth $19,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Pittenger & Anderson Inc. lifted its position in shares of PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. American National Bank purchased a new stake in PayPal during the 1st quarter worth approximately $27,000. Private Wealth Management Group LLC acquired a new stake in PayPal during the 4th quarter worth approximately $29,000. Register Financial Advisors LLC purchased a new position in PayPal in the 1st quarter valued at approximately $30,000. Finally, CarsonAllaria Wealth Management Ltd. grew its stake in shares of PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 185 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

PayPal Stock Up 3.5 %

PayPal stock opened at $71.89 on Wednesday. The stock has a 50 day moving average of $61.41 and a two-hundred day moving average of $62.48. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $72.56. The stock has a market capitalization of $75.20 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 0.94 and a beta of 1.42. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $84.00 target price on shares of PayPal in a report on Wednesday, July 31st. Mizuho reiterated an “outperform” rating and issued a $90.00 price objective on shares of PayPal in a research note on Tuesday. Barclays boosted their price objective on PayPal from $81.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. William Blair raised shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. Finally, Stephens boosted their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Seventeen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average price target of $75.56.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.