Pinnacle Financial Partners Inc Has $347,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Pinnacle Financial Partners Inc decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 82.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,450 shares of the credit services provider’s stock after selling 20,465 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in PayPal were worth $347,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its stake in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the period. Family Firm Inc. bought a new stake in PayPal during the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC lifted its position in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the period. LRI Investments LLC bought a new position in shares of PayPal in the 1st quarter valued at about $34,000. Finally, Tortoise Investment Management LLC grew its position in shares of PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after buying an additional 465 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PYPL. UBS Group increased their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Mizuho increased their price target on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada lifted their price objective on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, JPMorgan Chase & Co. boosted their target price on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Trading Down 1.7 %

Shares of NASDAQ:PYPL opened at $85.79 on Friday. The company’s 50-day moving average price is $78.25 and its two-hundred day moving average price is $68.76. PayPal Holdings, Inc. has a one year low of $55.28 and a one year high of $87.92. 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 capitalization of $86.01 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. PayPal’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

PayPal Company 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.