Americana Companions LLC diminished its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 54.8% within the second quarter, in keeping with the corporate in its most up-to-date Type 13F submitting with the SEC. The institutional investor owned 6,560 shares of the credit score companies supplier’s inventory after promoting 7,960 shares throughout the quarter. Americana Companions LLC’s holdings in PayPal have been value $381,000 on the finish of the latest quarter.
Different hedge funds have additionally added to or diminished their stakes within the firm. Pittenger & Anderson Inc. elevated its holdings in PayPal by 77.5% within the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit score companies supplier’s inventory value $26,000 after buying an extra 172 shares within the final quarter. American Nationwide Financial institution purchased a brand new stake in PayPal within the first quarter value roughly $27,000. Register Monetary Advisors LLC acquired a brand new stake in PayPal within the first quarter valued at roughly $30,000. CarsonAllaria Wealth Administration Ltd. grew its stake in PayPal by 65.8% within the first quarter. CarsonAllaria Wealth Administration Ltd. now owns 466 shares of the credit score companies supplier’s inventory valued at $31,000 after buying an extra 185 shares throughout the interval. Lastly, Non-public Wealth Administration Group LLC acquired a brand new stake in PayPal within the fourth quarter valued at roughly $29,000. 68.32% of the inventory is at the moment owned by institutional traders.
PayPal Inventory Efficiency
Shares of PYPL opened at $72.43 on Friday. The corporate has a debt-to-equity ratio of 0.47, a present ratio of 1.24 and a fast ratio of 1.24. PayPal Holdings, Inc. has a 1 yr low of $50.25 and a 1 yr excessive of $73.93. The agency has a market cap of $74.05 billion, a PE ratio of 18.24, a PEG ratio of 1.03 and a beta of 1.42. The inventory’s fifty day shifting common value is $63.21 and its two-hundred day shifting common value is $63.08.
PayPal (NASDAQ:PYPL – Get Free Report) final launched its quarterly earnings knowledge on Tuesday, July thirtieth. The credit score companies supplier reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on fairness of twenty-two.82% and a internet margin of 14.30%. The corporate had income of $7.89 billion for the quarter, in comparison with analyst estimates of $7.82 billion. Throughout the identical interval within the earlier yr, the corporate posted $0.83 EPS. The agency’s income for the quarter was up 8.2% in comparison with the identical quarter final yr. On common, equities analysis analysts forecast that PayPal Holdings, Inc. will put up 4.42 EPS for the present yr.
Analyst Rankings Modifications
A number of brokerages just lately issued reviews on PYPL. TD Cowen lifted their goal value on PayPal from $68.00 to $70.00 and gave the corporate a “maintain” ranking in a analysis report on Wednesday, July thirty first. Macquarie lifted their goal value on PayPal from $85.00 to $90.00 and gave the corporate an “outperform” ranking in a analysis report on Wednesday, July thirty first. Daiwa America raised PayPal from a “average purchase” ranking to a “strong-buy” ranking in a analysis report on Friday, August ninth. Canaccord Genuity Group reaffirmed a “purchase” ranking and set a $80.00 goal value on shares of PayPal in a analysis report on Wednesday, July thirty first. Lastly, Keefe, Bruyette & Woods reaffirmed an “outperform” ranking and set a $78.00 goal value on shares of PayPal in a analysis report on Thursday, July eleventh. Eighteen analysis analysts have rated the inventory with a maintain ranking, nineteen have given a purchase ranking and one has given a powerful purchase ranking to the corporate. Primarily based on knowledge from MarketBeat.com, PayPal at the moment has a consensus ranking of “Average Purchase” and a mean value goal of $75.56.
Learn Our Newest Inventory Evaluation on PYPL
PayPal Firm Profile
PayPal Holdings, Inc operates a know-how platform that permits digital funds on behalf of retailers and shoppers worldwide. It operates a two-sided community at scale that connects retailers and shoppers that permits its prospects to attach, transact, and ship and obtain funds by way of on-line and in particular person, in addition to switch and withdraw funds utilizing numerous funding sources, similar to financial institution accounts, PayPal or Venmo account stability, PayPal and Venmo branded credit score merchandise comprising its installment merchandise, credit score and debit playing cards, and cryptocurrencies, in addition to different saved worth merchandise, together with present playing cards and eligible rewards.
Additional Studying
Obtain Information & Rankings for PayPal Day by day – Enter your e mail tackle beneath to obtain a concise each day abstract of the most recent information and analysts’ rankings for PayPal and associated firms with MarketBeat.com’s FREE each day e mail e-newsletter.
