Sheaff Brock Investment Advisors LLC Cuts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sheaff Brock Investment Advisors LLC lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,797 shares of the credit services provider’s stock after selling 1,225 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in PayPal were worth $1,857,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. United Advisor Group LLC purchased a new position in shares of PayPal in the 3rd quarter worth $810,000. FCG Investment Co purchased a new position in shares of PayPal during the third quarter valued at about $1,079,000. Weil Company Inc. grew its position in shares of PayPal by 68.9% during the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 17,003 shares in the last quarter. Brown Financial Advisors purchased a new position in PayPal in the second quarter worth about $1,454,000. Finally, Versor Investments LP grew its position in PayPal by 115.9% in the third quarter. Versor Investments LP now owns 26,223 shares of the credit services provider’s stock worth $2,046,000 after acquiring an additional 14,079 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 0.5 %

PayPal stock opened at $85.32 on Friday. PayPal Holdings, Inc. has a 52 week low of $55.28 and a 52 week high of $87.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $85.54 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.56 and a beta of 1.43. The company has a 50 day moving average price of $78.25 and a 200 day moving average price of $68.76.

PayPal (NASDAQ:PYPL) last announced its 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 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 business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. Research analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho boosted their target price on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Argus raised PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. UBS Group upped their price target on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, William Blair raised shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. Fifteen 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. Based on data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $83.45.

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.