Van Hulzen Asset Management LLC Has $329,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Van Hulzen Asset Management LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 85.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,670 shares of the credit services provider’s stock after selling 34,486 shares during the period. Van Hulzen Asset Management LLC’s holdings in PayPal were worth $329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its holdings in shares of PayPal by 1.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 318,994 shares of the credit services provider’s stock valued at $18,511,000 after acquiring an additional 5,980 shares in the last quarter. RPG Investment Advisory LLC boosted its stake in shares of PayPal by 48.5% during the second quarter. RPG Investment Advisory LLC now owns 127,971 shares of the credit services provider’s stock valued at $7,426,000 after purchasing an additional 41,771 shares in the last quarter. Andra AP fonden grew its holdings in shares of PayPal by 50.9% during the second quarter. Andra AP fonden now owns 90,769 shares of the credit services provider’s stock worth $5,267,000 after purchasing an additional 30,600 shares during the last quarter. Sachetta LLC increased its stake in shares of PayPal by 60.1% in the second quarter. Sachetta LLC now owns 1,561 shares of the credit services provider’s stock valued at $100,000 after buying an additional 586 shares during the period. Finally, Monaco Asset Management SAM raised its holdings in PayPal by 105.6% in the 2nd quarter. Monaco Asset Management SAM now owns 185,000 shares of the credit services provider’s stock valued at $10,736,000 after buying an additional 95,000 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 0.7 %

NASDAQ:PYPL opened at $68.85 on Wednesday. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $74.40. The firm has a 50-day moving average price of $64.93 and a two-hundred day moving average price of $63.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $70.39 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The company 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%. PayPal’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.83 earnings per share. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of PayPal from $81.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Evercore ISI boosted their price objective on shares of PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. BMO Capital Markets raised their target price on PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Monness Crespi & Hardt upped their price target on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, UBS Group raised their price objective on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Eighteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average target price 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.