Empowered Funds LLC Has $10.45 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Empowered Funds LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 36.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,871 shares of the credit services provider's stock after selling 75,852 shares during the period. Empowered Funds LLC's holdings in PayPal were worth $10,446,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in PayPal during the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC raised its holdings 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 valued at $29,000 after buying an additional 167 shares during the period. Tortoise Investment Management LLC raised its stake in shares of PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 465 shares during the period. Planning Capital Management Corp increased its stake in 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 buying an additional 268 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of PayPal in the first quarter worth about $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Up 0.0 %

Shares of PYPL stock traded up $0.04 during trading on Friday, hitting $85.83. 8,083,167 shares of the company were exchanged, compared to its average volume of 13,473,250. The business's 50-day simple moving average is $78.86 and its 200 day simple moving average is $69.01. PayPal Holdings, Inc. has a twelve month low of $55.28 and a twelve month high of $87.92. The firm has a market capitalization of $86.05 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 1.56 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

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, beating analysts' consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business posted $0.97 EPS. The company's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PYPL. Barclays upped their target price on shares of PayPal from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Sanford C. Bernstein cut PayPal from an "outperform" rating to a "market perform" rating and raised their target price for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Mizuho raised 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. Phillip Securities reissued an "accumulate" rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $78.00 price target on shares of PayPal in a research note on Wednesday, September 18th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.