Dana Investment Advisors Inc. Has $2.32 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Dana Investment Advisors Inc. lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,945 shares of the credit services provider’s stock after selling 622 shares during the period. Dana Investment Advisors Inc.’s holdings in PayPal were worth $2,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PYPL. Cape Cod Five Cents Savings Bank bought a new position in PayPal in the 2nd quarter valued at $3,014,000. Distillate Capital Partners LLC lifted its position in PayPal by 156,934.7% during the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after buying an additional 343,687 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in PayPal by 604.7% during the 1st quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock worth $3,452,000 after acquiring an additional 45,544 shares during the last quarter. 1832 Asset Management L.P. increased 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 acquiring an additional 381 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of PayPal by 21.2% in the second quarter. Blue Trust Inc. now owns 3,358 shares of the credit services provider’s stock worth $195,000 after acquiring an additional 588 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. Citigroup increased their price target on shares of PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Monness Crespi & Hardt lifted their target price on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Sanford C. Bernstein raised PayPal from a “market perform” rating to an “outperform” rating and upped their price target for the company from $71.00 to $78.00 in a research note on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on PayPal from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Finally, William Blair upgraded shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Seventeen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $76.38.

PayPal Price Performance

Shares of PYPL opened at $77.44 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $69.87 and its 200 day simple moving average is $65.40. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $80.63. The company has a market cap of $79.17 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.11 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share 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.