Accredited Investors Inc. Decreases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Accredited Investors Inc. lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,344 shares of the credit services provider’s stock after selling 308 shares during the quarter. Accredited Investors Inc.’s holdings in PayPal were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Planning Capital Management Corp increased its position in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Financial Management Professionals Inc. raised its position in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the last quarter. Family Firm Inc. acquired a new stake in PayPal in the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC grew its position in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in PayPal during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PYPL shares. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their price objective on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Royal Bank of Canada lifted their target price on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group increased their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Fifteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.45.

PayPal Stock Performance

NASDAQ PYPL opened at $85.83 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50 day simple moving average is $78.86 and its 200-day simple moving average is $69.02. The company has a market cap of $86.05 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43. PayPal Holdings, Inc. has a 1-year low of $55.28 and a 1-year high of $87.92.

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

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.