Brown Financial Advisors Sells 5,700 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Brown Financial Advisors reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,360 shares of the credit services provider’s stock after selling 5,700 shares during the period. Brown Financial Advisors’ holdings in PayPal were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC raised its position in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after buying an additional 124 shares in the last quarter. First United Bank & Trust lifted its holdings in PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after buying an additional 145 shares during the period. Ritholtz Wealth Management increased its stake in shares of PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after acquiring an additional 152 shares in the last quarter. Laraway Financial Advisors Inc increased its holdings in shares of PayPal by 3.8% during the third quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider’s stock valued at $330,000 after acquiring an additional 154 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC increased its holdings in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Up 0.1 %

NASDAQ:PYPL opened at $90.00 on Tuesday. The stock has a market cap of $90.23 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.64 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50-day simple moving average is $82.90 and its 200 day simple moving average is $71.58. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66.

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 the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on PYPL. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $86.00 to $103.00 in a research report on Monday. StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday. Barclays boosted their target price on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Monness Crespi & Hardt increased their price target on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, UBS Group raised their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Sixteen research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.70.

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.