Capital Investment Services of America Inc. Sells 15,831 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Capital Investment Services of America Inc. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,581 shares of the credit services provider’s stock after selling 15,831 shares during the quarter. Capital Investment Services of America Inc.’s holdings in PayPal were worth $15,183,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PYPL. Primecap Management Co. CA raised its holdings in shares of PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after buying an additional 3,184,160 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after acquiring an additional 1,866,925 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of PayPal by 9,864.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after acquiring an additional 1,108,030 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of PayPal by 139.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock valued at $120,492,000 after purchasing an additional 899,476 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in PayPal by 31.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock worth $194,262,000 after purchasing an additional 687,940 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PYPL shares. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Jefferies Financial Group reduced their price target on PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Wells Fargo & Company boosted their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price target on shares of PayPal in a report on Wednesday, September 18th. Fifteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Stock Up 0.3 %

Shares of NASDAQ PYPL traded up $0.20 on Monday, reaching $77.45. 3,707,551 shares of the company’s stock traded hands, compared to its average volume of 13,610,110. The business’s 50 day simple moving average is $76.50 and its two-hundred day simple moving average is $67.72. PayPal Holdings, Inc. has a 12 month low of $53.55 and a 12 month high of $83.70. The company has a market cap of $77.65 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.41 and a beta of 1.43. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

About PayPal

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.