Everett Harris & Co. CA Sells 3,109 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Everett Harris & Co. CA lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,080 shares of the credit services provider’s stock after selling 3,109 shares during the period. Everett Harris & Co. CA’s holdings in PayPal were worth $3,518,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its stake in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. American National Bank purchased a new position in shares of PayPal in the first quarter worth about $27,000. Family Firm Inc. purchased a new position in shares of PayPal in the second quarter worth about $29,000. SYSTM Wealth Solutions LLC grew its holdings in shares of 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 acquiring an additional 167 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in shares of PayPal during the 1st quarter worth approximately $30,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ PYPL traded up $1.12 during midday trading on Friday, hitting $80.94. 8,844,338 shares of the stock traded hands, compared to its average volume of 13,674,411. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $82.75 billion, a P/E ratio of 19.60, a PEG ratio of 1.47 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $82.00. The firm has a 50-day moving average of $74.16 and a two-hundred day moving average of $66.61.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period last year, the firm earned $0.83 EPS. PayPal’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research analyst reports. Barclays upped their target price on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird boosted their price target on PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen boosted their price target on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday. Sixteen research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.03.

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.