PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by GM Advisory Group LLC

GM Advisory Group LLC lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 74.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,828 shares of the credit services provider's stock after selling 25,547 shares during the quarter. GM Advisory Group LLC's holdings in PayPal were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of PYPL. Bessemer Group Inc. increased its holdings in shares of PayPal by 18.5% in the 1st quarter. Bessemer Group Inc. now owns 12,898 shares of the credit services provider's stock valued at $863,000 after acquiring an additional 2,018 shares during the period. CreativeOne Wealth LLC purchased a new position in PayPal in the 1st quarter valued at $429,000. Westwood Holdings Group Inc. purchased a new position in PayPal in the 1st quarter valued at $251,000. 1832 Asset Management L.P. grew its position in PayPal by 44.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider's stock valued at $83,000 after buying an additional 381 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in PayPal in the 1st quarter valued at $83,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

PYPL stock traded up $1.95 during trading on Friday, hitting $86.77. The stock had a trading volume of 6,785,992 shares, compared to its average volume of 11,734,810. The company's 50 day moving average price is $80.41 and its two-hundred day moving average price is $69.68. PayPal Holdings, Inc. has a 1-year low of $55.55 and a 1-year high of $87.92. The stock has a market cap of $86.99 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.51 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 posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 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 the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The company's quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PYPL shares. JPMorgan Chase & Co. lifted their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt lifted their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Susquehanna boosted their target price on shares of PayPal from $83.00 to $94.00 and gave the stock a "positive" rating in a research report on Wednesday, October 30th. Mizuho boosted their target price on shares of PayPal from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Finally, BMO Capital Markets boosted their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has an average rating of "Moderate Buy" and an average price target of $83.60.

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.