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

Sapient Capital LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,456 shares of the credit services provider’s stock after selling 1,667 shares during the period. Sapient Capital LLC’s holdings in PayPal were worth $894,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Pittenger & Anderson Inc. grew 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 worth $26,000 after purchasing an additional 172 shares during the last quarter. American National Bank bought a new position in PayPal in the 1st quarter worth about $27,000. Family Firm Inc. bought a new position in PayPal in the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC grew its position in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in PayPal in the 1st quarter worth about $30,000. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Susquehanna raised their price objective on shares of PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research note on Wednesday, July 31st. Macquarie raised their price objective on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised their price objective on shares of PayPal from $69.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Mizuho raised their price objective on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday. Seventeen investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $77.35.

PayPal Stock Up 0.2 %

PayPal stock opened at $80.67 on Tuesday. The company has a market capitalization of $84.38 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.49 and a beta of 1.44. The firm’s fifty day simple moving average is $72.82 and its 200-day simple moving average is $66.22. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.00.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.42 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.