Independent Advisor Alliance Sells 8,326 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

by · The Cerbat Gem

Independent Advisor Alliance cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,951 shares of the credit services provider’s stock after selling 8,326 shares during the period. Independent Advisor Alliance’s holdings in PayPal were worth $3,273,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PYPL. Planning Capital Management Corp raised its stake in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the period. Financial Management Professionals Inc. raised its stake in shares of PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the period. Family Firm Inc. bought a new stake in shares of PayPal during the 2nd quarter worth $29,000. SYSTM Wealth Solutions LLC raised its stake in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the period. Finally, LRI Investments LLC bought a new stake in shares of PayPal during the 1st quarter worth $34,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Up 1.2 %

Shares of PYPL opened at $87.77 on Tuesday. The firm has a market cap of $87.99 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.54 and a beta of 1.43. The stock has a 50 day simple moving average of $80.74 and a two-hundred day simple moving average of $69.89. 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 Holdings, Inc. has a 1 year low of $55.71 and a 1 year high of $88.74.

PayPal (NASDAQ:PYPL – Get Free Report) last issued 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. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue for the quarter 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. On average, analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent analyst reports. Robert W. Baird lifted their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Mizuho boosted their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. UBS Group boosted their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Sixteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.60.

Read Our Latest Research Report on PayPal

About PayPal

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report).