Edge Capital Group LLC minimize its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 12.2% within the second quarter, based on the corporate in its most up-to-date submitting with the Securities and Change Fee. The agency owned 4,654 shares of the credit score companies supplier’s inventory after promoting 648 shares through the interval. Edge Capital Group LLC’s holdings in PayPal have been value $270,000 as of its most up-to-date submitting with the Securities and Change Fee.
Numerous different massive buyers have additionally lately added to or decreased their stakes within the firm. Gabelli Funds LLC grew its holdings in shares of PayPal by 10.1% through the second quarter. Gabelli Funds LLC now owns 36,310 shares of the credit score companies supplier’s inventory value $2,107,000 after shopping for a further 3,320 shares within the final quarter. Frank Rimerman Advisors LLC lifted its stake in PayPal by 20,552.6% within the 2nd quarter. Frank Rimerman Advisors LLC now owns 11,772 shares of the credit score companies supplier’s inventory valued at $683,000 after buying a further 11,715 shares within the final quarter. Profund Advisors LLC boosted its place in PayPal by 4.2% through the 2nd quarter. Profund Advisors LLC now owns 146,223 shares of the credit score companies supplier’s inventory value $8,485,000 after buying a further 5,890 shares over the past quarter. Legacy Monetary Advisors Inc. grew its stake in shares of PayPal by 4.2% through the 2nd quarter. Legacy Monetary Advisors Inc. now owns 7,644 shares of the credit score companies supplier’s inventory value $444,000 after buying a further 310 shares within the final quarter. Lastly, Ensign Peak Advisors Inc raised its holdings in shares of PayPal by 21.8% within the second quarter. Ensign Peak Advisors Inc now owns 1,651,025 shares of the credit score companies supplier’s inventory valued at $95,809,000 after buying a further 295,331 shares over the past quarter. Institutional buyers personal 68.32% of the corporate’s inventory.
Analysts Set New Worth Targets
PYPL has been the topic of a number of latest analysis studies. Royal Financial institution of Canada restated an “outperform” score and set a $84.00 goal worth on shares of PayPal in a report on Wednesday, July thirty first. Argus upgraded shares of PayPal from a “maintain” score to a “purchase” score in a analysis observe on Wednesday, July thirty first. Keefe, Bruyette & Woods reaffirmed an “outperform” score and issued a $78.00 goal worth on shares of PayPal in a analysis report on Wednesday, September 18th. New Road Analysis assumed protection on PayPal in a analysis report on Friday, Could thirty first. They set a “purchase” score and a $80.00 worth goal for the corporate. Lastly, UBS Group boosted their worth goal on PayPal from $71.00 to $72.00 and gave the inventory a “impartial” score in a analysis report on Wednesday, July thirty first. Seventeen analysis analysts have rated the inventory with a maintain score, nineteen have issued a purchase score and one has issued a powerful purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, PayPal has a median score of “Average Purchase” and a consensus worth goal of $75.58.
View Our Newest Analysis Report on PYPL
PayPal Inventory Down 1.0 %
PYPL opened at $76.76 on Monday. The inventory has a fifty day shifting common of $67.01 and a 200-day shifting common of $64.46. The corporate has a market capitalization of $80.29 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.01 and a beta of 1.43. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week excessive of $78.25. The corporate has a debt-to-equity ratio of 0.47, a fast ratio of 1.24 and a present ratio of 1.24.
PayPal (NASDAQ:PYPL – Get Free Report) final issued its quarterly earnings knowledge on Tuesday, July thirtieth. The credit score companies supplier reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a web margin of 14.30% and a return on fairness of twenty-two.82%. The enterprise had income of $7.89 billion through the quarter, in comparison with analysts’ expectations of $7.82 billion. Throughout the identical quarter within the earlier yr, the corporate earned $0.83 EPS. The enterprise’s income was up 8.2% on a year-over-year foundation. On common, equities analysts anticipate that PayPal Holdings, Inc. will submit 4.42 EPS for the present yr.
About PayPal
PayPal Holdings, Inc operates a know-how platform that allows digital funds on behalf of retailers and customers worldwide. It operates a two-sided community at scale that connects retailers and customers that allows its clients to attach, transact, and ship and obtain funds by means of on-line and in individual, in addition to switch and withdraw funds utilizing varied funding sources, reminiscent of 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.
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