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

Sentry LLC decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,282 shares of the credit services provider’s stock after selling 978 shares during the period. Sentry LLC’s holdings in PayPal were worth $1,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. raised its position in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. American National Bank acquired a new stake in PayPal during the 1st quarter worth approximately $27,000. Register Financial Advisors LLC purchased a new stake in shares of PayPal during the first quarter worth approximately $30,000. CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of PayPal by 65.8% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 185 shares during the period. Finally, Family Firm Inc. purchased a new position in PayPal in the 2nd quarter valued at $29,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

Shares of PYPL stock opened at $79.55 on Wednesday. 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 Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.00. The firm has a fifty day moving average of $73.16 and a two-hundred day moving average of $66.30. The firm has a market cap of $83.21 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.49 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. PayPal’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 earnings per share. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on PYPL shares. The Goldman Sachs Group increased their price objective on PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday. Susquehanna upped their target price on shares of PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a research report on Wednesday, July 31st. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Mizuho upped their price target on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Robert W. Baird upped their target price on PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Seventeen analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $77.35.

About PayPal

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.