NorthRock Partners LLC Has $331,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

NorthRock Partners LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,237 shares of the credit services provider’s stock after selling 768 shares during the period. NorthRock Partners LLC’s holdings in PayPal were worth $331,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new position in PayPal during the 1st quarter valued at about $176,000. GSA Capital Partners LLP boosted its position in shares of PayPal by 12.3% in the 1st quarter. GSA Capital Partners LLP now owns 13,341 shares of the credit services provider’s stock worth $894,000 after purchasing an additional 1,465 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of PayPal by 0.9% in the 1st quarter. Advisory Services Network LLC now owns 97,012 shares of the credit services provider’s stock worth $6,499,000 after purchasing an additional 829 shares during the last quarter. Empirical Finance LLC grew its stake in shares of PayPal by 3.3% during the first quarter. Empirical Finance LLC now owns 40,890 shares of the credit services provider’s stock worth $2,739,000 after purchasing an additional 1,294 shares during the period. Finally, LSV Asset Management increased its holdings in PayPal by 17.3% in the first quarter. LSV Asset Management now owns 2,480,900 shares of the credit services provider’s stock valued at $166,195,000 after purchasing an additional 365,300 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Barclays boosted their price objective on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. The Goldman Sachs Group raised their target price on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price target on shares of PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $83.45.

PayPal Price Performance

Shares of PayPal stock opened at $81.41 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $81.62 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. PayPal Holdings, Inc. has a twelve month low of $53.55 and a twelve month high of $83.70. The company has a 50-day simple moving average of $77.00 and a two-hundred day simple moving average of $68.05.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The company 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 for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. Analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current 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.