Clear Creek Financial Management LLC Lowers Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Clear Creek Financial Management LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,418 shares of the credit services provider’s stock after selling 646 shares during the quarter. Clear Creek Financial Management LLC’s holdings in PayPal were worth $423,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in PayPal by 18.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock valued at $15,686,000 after purchasing an additional 36,994 shares during the period. FORA Capital LLC bought a new stake in shares of PayPal during the 1st quarter valued at about $740,000. Whittier Trust Co. increased its position in shares of PayPal by 2.6% during the 1st quarter. Whittier Trust Co. now owns 12,962 shares of the credit services provider’s stock valued at $868,000 after purchasing an additional 323 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of PayPal by 23.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 5,410 shares of the credit services provider’s stock worth $362,000 after purchasing an additional 1,019 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in shares of PayPal in the first quarter worth approximately $176,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Jefferies Financial Group decreased their price target on shares of PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. UBS Group lifted their target price on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $68.00 to $72.00 in a report on Friday, August 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Fifteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.45.

PayPal Trading Up 1.1 %

Shares of PYPL opened at $78.13 on Tuesday. PayPal Holdings, Inc. has a fifty-two week low of $53.55 and a fifty-two week high of $83.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.24 and a current ratio of 1.25. The company’s fifty day moving average is $76.63 and its 200 day moving average is $67.83. The stock has a market capitalization of $78.33 billion, a PE ratio of 18.65, a P/E/G ratio of 1.41 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its earnings results 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 net margin of 14.08% and a return on equity of 23.44%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share 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.