PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Incline Global Management LLC

Incline Global Management LLC decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,607 shares of the credit services provider’s stock after selling 45,831 shares during the period. PayPal makes up 3.9% of Incline Global Management LLC’s investment portfolio, making the stock its 19th largest holding. Incline Global Management LLC’s holdings in PayPal were worth $8,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PYPL. Cetera Advisors LLC grew its holdings in shares of PayPal by 76.2% during the first quarter. Cetera Advisors LLC now owns 44,526 shares of the credit services provider’s stock worth $2,983,000 after buying an additional 19,257 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in PayPal in the second quarter valued at approximately $42,000. Mather Group LLC. grew its holdings in PayPal by 128.0% in the second quarter. Mather Group LLC. now owns 2,640 shares of the credit services provider’s stock valued at $153,000 after purchasing an additional 1,482 shares during the period. Lynx Investment Advisory purchased a new stake in PayPal in the second quarter valued at approximately $71,000. Finally, Fulton Bank N.A. grew its holdings in PayPal by 51.3% in the second quarter. Fulton Bank N.A. now owns 6,463 shares of the credit services provider’s stock valued at $375,000 after purchasing an additional 2,191 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of recent analyst reports. Piper Sandler restated a “neutral” rating and issued a $88.00 target price on shares of PayPal in a report on Friday, November 22nd. JPMorgan Chase & Co. boosted their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Mizuho boosted their price objective on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Monness Crespi & Hardt boosted their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Stephens boosted their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Sixteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.60.

PayPal Stock Performance

PYPL stock traded down $1.63 during trading on Tuesday, hitting $84.90. 983,336 shares of the company’s stock traded hands, compared to its average volume of 13,176,282. The stock has a fifty day moving average price of $81.87 and a two-hundred day moving average price of $70.69. The stock has a market capitalization of $85.12 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $88.74.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS 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.