PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,148 shares of the credit services provider’s stock after selling 744 shares during the quarter. Aptus Capital Advisors LLC’s holdings in PayPal were worth $714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. United Advisor Group LLC acquired a new position in PayPal during the third quarter valued at $810,000. FCG Investment Co purchased a new position in shares of PayPal during the 3rd quarter valued at about $1,079,000. Brown Financial Advisors purchased a new stake in shares of PayPal in the second quarter worth about $1,454,000. Weil Company Inc. grew its holdings in PayPal by 68.9% during the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after acquiring an additional 17,003 shares during the period. Finally, Versor Investments LP raised its position in PayPal by 115.9% during the third quarter. Versor Investments LP now owns 26,223 shares of the credit services provider’s stock valued at $2,046,000 after acquiring an additional 14,079 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Down 1.7 %

Shares of NASDAQ PYPL opened at $85.79 on Friday. The company has a market capitalization of $86.01 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50 day simple moving average of $78.25 and a 200-day simple moving average of $68.76. PayPal Holdings, Inc. has a 1 year low of $55.28 and a 1 year high of $87.92.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Monness Crespi & Hardt upped their price objective on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Mizuho raised their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. William Blair upgraded shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, TD Cowen lifted their price target on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Fifteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.45.

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.