Donald L. Hagan LLC Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Donald L. Hagan LLC trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,636 shares of the credit services provider’s stock after selling 1,496 shares during the quarter. PayPal makes up about 1.0% of Donald L. Hagan LLC’s portfolio, making the stock its 16th biggest position. Donald L. Hagan LLC’s holdings in PayPal were worth $2,000,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Family Firm Inc. purchased a new position in shares of PayPal during the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted its holdings in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Tortoise Investment Management LLC raised its position in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares during the period. CarsonAllaria Wealth Management Ltd. raised its position in PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 185 shares during the period. Finally, LRI Investments LLC purchased a new stake in PayPal in the first quarter valued at approximately $34,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Up 1.4 %

PayPal stock traded up $1.09 during midday trading on Wednesday, hitting $80.34. 1,657,158 shares of the stock were exchanged, compared to its average volume of 13,552,251. The company has a 50 day moving average price of $76.78 and a two-hundred day moving average price of $67.95. The firm has a market cap of $80.54 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.38 and a beta of 1.43. PayPal Holdings, Inc. has a 1 year low of $53.55 and a 1 year high of $83.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Mizuho increased their target price on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. BMO Capital Markets upped their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their target price on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley increased their price target on shares of PayPal from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Fifteen equities research 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.