PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,581 shares of the credit services provider's stock after selling 15,831 shares during the period. Capital Investment Services of America Inc.'s holdings in PayPal were worth $15,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Legal & General Group Plc lifted its position in shares of PayPal by 3.3% in the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider's stock valued at $501,184,000 after buying an additional 276,287 shares during the last quarter. Clearbridge Investments LLC raised its stake in PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider's stock valued at $493,907,000 after acquiring an additional 1,866,925 shares during the period. Primecap Management Co. CA lifted its holdings in PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider's stock valued at $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in PayPal by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider's stock worth $183,789,000 after purchasing an additional 409,322 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of PayPal by 5.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider's stock valued at $176,789,000 after purchasing an additional 146,643 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research analyst reports. Monness Crespi & Hardt lifted their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, October 28th. The Goldman Sachs Group increased their target price on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Canaccord Genuity Group boosted their price target on PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. StockNews.com upgraded PayPal from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Stephens boosted their target price 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. Fifteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $83.45.

PayPal Trading Up 1.1 %

NASDAQ:PYPL traded up $0.88 during mid-day trading on Monday, hitting $78.13. 9,981,156 shares of the company's stock were exchanged, compared to its average volume of 13,639,564. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a fifty-two week low of $53.55 and a fifty-two week high of $83.70. The company has a 50 day simple moving average of $76.50 and a 200-day simple moving average of $67.72. The firm has a market capitalization of $78.33 billion, a P/E ratio of 18.51, a PEG ratio of 1.41 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion during 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%. PayPal's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

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.