M Holdings Securities Inc. Lowers Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

M Holdings Securities Inc. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,327 shares of the credit services provider’s stock after selling 936 shares during the quarter. M Holdings Securities Inc.’s holdings in PayPal were worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nicolet Advisory Services LLC increased its holdings in PayPal by 13.2% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,623 shares of the credit services provider’s stock valued at $357,000 after acquiring an additional 539 shares during the last quarter. Meridian Wealth Management LLC increased its holdings in shares of PayPal by 21.1% in the third quarter. Meridian Wealth Management LLC now owns 9,499 shares of the credit services provider’s stock worth $741,000 after purchasing an additional 1,652 shares during the last quarter. Allen Capital Group LLC lifted its position in shares of PayPal by 8.2% in the third quarter. Allen Capital Group LLC now owns 28,808 shares of the credit services provider’s stock worth $2,248,000 after buying an additional 2,191 shares in the last quarter. AlphaCore Capital LLC boosted its stake in PayPal by 24.4% during the third quarter. AlphaCore Capital LLC now owns 5,309 shares of the credit services provider’s stock valued at $414,000 after buying an additional 1,042 shares during the last quarter. Finally, First County Bank CT grew its holdings in PayPal by 14.2% during the 3rd quarter. First County Bank CT now owns 7,951 shares of the credit services provider’s stock valued at $620,000 after buying an additional 990 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 2.3 %

Shares of PayPal stock opened at $86.77 on Friday. 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 stock has a market cap of $86.99 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 1.51 and a beta of 1.43. The firm’s 50-day moving average is $80.41 and its two-hundred day moving average is $69.66. PayPal Holdings, Inc. has a 1 year low of $55.55 and a 1 year high of $87.92.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for 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 quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Piper Sandler reaffirmed a “neutral” rating and set a $88.00 price objective on shares of PayPal in a report on Friday. William Blair upgraded shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stephens increased their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Monness Crespi & Hardt boosted their price objective on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average price target of $83.60.

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.