Winch Advisory Services LLC Sells 391 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Winch Advisory Services LLC reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% in the third quarter, Holdings Channel.com reports. The fund owned 17,082 shares of the credit services provider’s stock after selling 391 shares during the quarter. Winch Advisory Services LLC’s holdings in PayPal were worth $1,333,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Raleigh Capital Management Inc. raised its position in shares of PayPal by 76.8% in the third quarter. Raleigh Capital Management Inc. now owns 1,437 shares of the credit services provider’s stock worth $112,000 after buying an additional 624 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of PayPal by 19.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,214 shares of the credit services provider’s stock valued at $407,000 after purchasing an additional 863 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of PayPal during the third quarter valued at about $47,000. Toth Financial Advisory Corp grew its position in PayPal by 1,055.3% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,715 shares of the credit services provider’s stock worth $212,000 after acquiring an additional 2,480 shares during the last quarter. Finally, Bellecapital International Ltd. grew its holdings in shares of PayPal by 9.7% in the third quarter. Bellecapital International Ltd. now owns 32,293 shares of the credit services provider’s stock worth $2,520,000 after purchasing an additional 2,852 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 0.5 %

Shares of PYPL stock opened at $80.56 on Tuesday. 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 fifty-two week low of $50.25 and a fifty-two week high of $82.00. The firm has a market capitalization of $84.27 billion, a PE ratio of 20.29, a P/E/G ratio of 1.47 and a beta of 1.44. The stock’s 50-day simple moving average is $74.50 and its 200-day simple moving average is $66.74.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on PYPL shares. The Goldman Sachs Group upped their target price on PayPal from $69.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, October 14th. JPMorgan Chase & Co. increased their target price on PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Robert W. Baird raised their price target on shares of PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Oppenheimer initiated coverage on PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, BMO Capital Markets increased their price target on PayPal from $72.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average target price 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.