TD Private Client Wealth LLC Sells 7,323 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

TD Private Client Wealth LLC reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 45.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,641 shares of the credit services provider's stock after selling 7,323 shares during the period. TD Private Client Wealth LLC's holdings in PayPal were worth $674,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PYPL. FMR LLC grew its position in shares of PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock valued at $819,315,000 after buying an additional 10,419,351 shares during the period. Legal & General Group Plc grew its position in PayPal by 3.3% during the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider's stock worth $501,184,000 after buying an additional 276,287 shares in the last quarter. Clearbridge Investments LLC raised its holdings 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 in the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider's stock valued at $469,414,000 after acquiring an additional 1,069,356 shares during the period. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

PYPL has been the topic of several recent analyst reports. Phillip Securities reissued an "accumulate" rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Piper Sandler restated a "neutral" rating and set a $88.00 price objective on shares of PayPal in a research report on Friday, November 22nd. StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a report on Saturday. Robert W. Baird boosted their price target on PayPal from $80.00 to $91.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Canaccord Genuity Group raised their price objective on PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $86.74.

PayPal Stock Up 1.8 %

PYPL stock traded up $1.62 during trading on Friday, reaching $91.02. 8,358,050 shares of the stock were exchanged, compared to its average volume of 13,055,767. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The firm's 50 day moving average is $83.87 and its 200 day moving average is $72.23. The firm has a market cap of $91.25 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the business posted $0.97 EPS. PayPal's quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current 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.