PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Fulcrum Capital LLC

Fulcrum Capital LLC lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,381 shares of the credit services provider’s stock after selling 2,064 shares during the period. Fulcrum Capital LLC’s holdings in PayPal were worth $4,321,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PYPL. Pittenger & Anderson Inc. increased its holdings in shares of 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 acquiring an additional 172 shares during the period. Family Firm Inc. acquired a new stake in shares of PayPal in the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC increased its holdings in shares of 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 acquiring an additional 167 shares during the period. Register Financial Advisors LLC acquired a new stake in shares of PayPal in the 1st quarter worth about $30,000. Finally, Tortoise Investment Management LLC increased its holdings in shares of PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. Monness Crespi & Hardt raised their target price on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Macquarie raised their target price on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and set a $84.00 target price on shares of PayPal in a research note on Wednesday, July 31st. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group raised their target price on shares of PayPal from $69.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Sixteen equities 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 MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $78.03.

PayPal Price Performance

Shares of PYPL opened at $80.83 on Thursday. The firm has a market cap of $82.63 billion, a PE ratio of 19.57, a PEG ratio of 1.47 and a beta of 1.44. The firm’s 50 day moving average price is $75.11 and its 200 day moving average price is $66.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $82.24.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating 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 company had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.44 EPS for the current fiscal year.

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.