Dynamic Advisor Solutions LLC Sells 991 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Dynamic Advisor Solutions LLC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,871 shares of the credit services provider’s stock after selling 991 shares during the period. Dynamic Advisor Solutions LLC’s holdings in PayPal were worth $1,082,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Boit C F David raised its position in shares of PayPal by 6.8% during the 3rd quarter. Boit C F David now owns 6,300 shares of the credit services provider’s stock valued at $488,000 after purchasing an additional 400 shares during the period. Alpha Cubed Investments LLC purchased a new position in PayPal during the third quarter valued at $262,000. Ignite Planners LLC grew its stake in PayPal by 15.3% during the third quarter. Ignite Planners LLC now owns 6,465 shares of the credit services provider’s stock valued at $504,000 after acquiring an additional 860 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in PayPal by 35.5% during the third quarter. Miracle Mile Advisors LLC now owns 15,975 shares of the credit services provider’s stock valued at $1,247,000 after acquiring an additional 4,188 shares in the last quarter. Finally, Consilio Wealth Advisors LLC purchased a new position in PayPal during the third quarter valued at $213,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Down 3.3 %

PYPL opened at $78.98 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The company’s 50 day simple moving average is $71.78 and its two-hundred day simple moving average is $65.93. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.00. The firm has a market capitalization of $82.62 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. Analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 target price on shares of PayPal in a research note on Wednesday, September 18th. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Canaccord Genuity Group reissued a “buy” rating and issued a $80.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. StockNews.com cut shares of PayPal from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Finally, JPMorgan Chase & Co. upped their target price on PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Seventeen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.47.

PayPal Company 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.