PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,895 shares of the credit services provider's stock after selling 6,021 shares during the period. Mutual of America Capital Management LLC's holdings in PayPal were worth $9,824,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC raised its position in PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider's stock worth $141,000 after buying an additional 124 shares during the last quarter. First United Bank & Trust raised its position in PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock worth $187,000 after buying an additional 145 shares during the last quarter. Ritholtz Wealth Management raised its position in PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider's stock worth $369,000 after buying an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC raised its position in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after buying an additional 167 shares during the last quarter. Finally, First Bank & Trust increased its position in shares of PayPal by 4.4% during the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider's stock valued at $313,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research reports. Stephens upped their price target on shares of PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Phillip Securities reiterated an "accumulate" rating and set a $90.00 price objective (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Macquarie boosted their price objective on PayPal from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. TD Cowen boosted their price objective on PayPal from $68.00 to $70.00 and gave the company a "hold" rating in a research note on Wednesday, July 31st. Finally, Barclays boosted their price objective on PayPal from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. 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, PayPal currently has an average rating of "Moderate Buy" and a consensus target price of $83.45.

PayPal Trading Down 1.4 %

PYPL traded down $1.16 during trading hours on Monday, reaching $84.67. 10,122,264 shares of the company's stock traded hands, compared to its average volume of 13,458,351. The firm has a 50-day moving average price of $78.86 and a 200 day moving average price of $69.04. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $84.88 billion, a PE ratio of 20.42, a PEG ratio of 1.53 and a beta of 1.43. PayPal Holdings, Inc. has a 52-week low of $55.28 and a 52-week high of $87.92.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data 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 company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

PayPal 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.