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

Sentry Investment Management LLC lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,741 shares of the credit services provider’s stock after selling 484 shares during the quarter. Sentry Investment Management LLC’s holdings in PayPal were worth $370,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Legal & General Group Plc raised its stake in shares of PayPal by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock valued at $501,184,000 after buying an additional 276,287 shares during the last quarter. Clearbridge Investments LLC raised its position in PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after acquiring an additional 1,866,925 shares in the last quarter. Primecap Management Co. CA raised its position in PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after acquiring an additional 3,184,160 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in PayPal by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock worth $183,789,000 after buying an additional 409,322 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of PayPal by 5.1% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider’s stock worth $176,789,000 after acquiring an additional 146,643 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PYPL. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Sunday. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Mizuho lifted their price target on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company increased their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Fifteen investment 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’s stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Stock Up 1.1 %

Shares of NASDAQ PYPL opened at $78.13 on Tuesday. 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 business’s 50 day moving average is $76.63 and its two-hundred day moving average is $67.83. PayPal Holdings, Inc. has a 52-week low of $53.55 and a 52-week high of $83.70. The firm has a market cap of $78.33 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.38 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts predict 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.