McGuire Investment Group LLC Sells 2,042 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

McGuire Investment Group LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.1% during the third quarter, HoldingsChannel.com reports. The fund owned 11,477 shares of the credit services provider’s stock after selling 2,042 shares during the period. McGuire Investment Group LLC’s holdings in PayPal were worth $896,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pittenger & Anderson Inc. increased its holdings in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. American National Bank acquired a new position in shares of PayPal in the first quarter valued at approximately $27,000. Family Firm Inc. bought a new position in PayPal in the 2nd quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC boosted 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 buying an additional 167 shares during the period. Finally, Register Financial Advisors LLC bought a new stake in PayPal during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upped their price target on PayPal from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Jefferies Financial Group lowered their price objective on PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Monness Crespi & Hardt upped their target price on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Oppenheimer assumed coverage on shares of PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Seventeen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.47.

PayPal Stock Up 1.9 %

Shares of PYPL stock traded up $1.53 during trading hours on Friday, reaching $80.51. The company had a trading volume of 7,744,777 shares, compared to its average volume of 13,838,300. The business has a fifty day simple moving average of $72.42 and a 200-day simple moving average of $66.12. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.00. The company has a market cap of $84.22 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

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