Mount Yale Investment Advisors LLC Has $2.10 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mount Yale Investment Advisors LLC trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,918 shares of the credit services provider’s stock after selling 4,899 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in PayPal were worth $2,100,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PYPL. Brown Financial Advisors acquired a new stake in PayPal during the 2nd quarter valued at $1,454,000. Cape Cod Five Cents Savings Bank purchased a new stake in PayPal in the 2nd quarter worth about $3,014,000. Distillate Capital Partners LLC boosted its position in PayPal by 156,934.7% during the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after acquiring an additional 343,687 shares during the period. Fiduciary Alliance LLC grew its stake in PayPal by 604.7% during the 1st quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock valued at $3,452,000 after acquiring an additional 45,544 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of PayPal by 44.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock valued at $83,000 after purchasing an additional 381 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL stock opened at $81.39 on Friday. The stock’s fifty day simple moving average is $75.11 and its 200 day simple moving average is $66.95. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $82.48. The firm has a market cap of $85.14 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.50 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 announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. On average, analysts expect that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PYPL. Stephens boosted their price objective on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. The Goldman Sachs Group upped their price target on shares of PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Oppenheimer assumed coverage on PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Barclays increased their price objective on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Macquarie boosted their target price on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.03.

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.