Profund Advisors LLC Decreases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Profund Advisors LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,491 shares of the credit services provider’s stock after selling 6,616 shares during the quarter. Profund Advisors LLC’s holdings in PayPal were worth $7,961,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Lee Financial Co increased its stake in shares of PayPal by 60.4% in the second quarter. Lee Financial Co now owns 361 shares of the credit services provider’s stock worth $25,000 after buying an additional 136 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of PayPal in the 2nd quarter valued at about $30,000. CKW Financial Group acquired a new position in PayPal in the second quarter worth about $36,000. First Personal Financial Services bought a new stake in PayPal in the third quarter valued at about $44,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in PayPal in the third quarter valued at about $44,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on PayPal from $120.00 to $95.00 and set an “overweight” rating for the company in a report on Friday, November 4th. Oppenheimer decreased their price objective on shares of PayPal from $99.00 to $85.00 in a report on Wednesday. StockNews.com raised shares of PayPal from a “sell” rating to a “hold” rating in a report on Thursday, October 20th. Morgan Stanley lifted their price objective on shares of PayPal from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, November 4th. Finally, Raymond James decreased their price objective on shares of PayPal from $123.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, November 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $121.52.

PayPal Stock Down 2.7 %

Shares of PYPL traded down $2.11 during mid-day trading on Wednesday, reaching $77.47. The company’s stock had a trading volume of 3,109,826 shares, compared to its average volume of 12,595,308. The company has a market cap of $88.32 billion, a price-to-earnings ratio of 40.40, a price-to-earnings-growth ratio of 1.33 and a beta of 1.31. The business has a fifty day moving average of $75.76 and a 200 day moving average of $83.88. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.51. PayPal Holdings, Inc. has a 1 year low of $66.39 and a 1 year high of $176.20.

PayPal (NASDAQ:PYPLGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The credit services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. PayPal had a return on equity of 16.85% and a net margin of 8.50%. The firm had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the business earned $0.90 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, analysts forecast that PayPal Holdings, Inc. will post 3.14 earnings per share for the current fiscal year.

PayPal Profile

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PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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