Neville Rodie & Shaw Inc. Sells 650 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Neville Rodie & Shaw Inc. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,167 shares of the credit services provider’s stock after selling 650 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in PayPal were worth $2,978,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PYPL. SYSTM Wealth Solutions LLC boosted its stake in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Pittenger & Anderson Inc. boosted its stake in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. Verity Asset Management Inc. boosted its stake in PayPal by 1.9% in the first quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after acquiring an additional 181 shares during the last quarter. Indiana Trust & Investment Management CO boosted its stake in PayPal by 18.6% in the first quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after acquiring an additional 184 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in PayPal by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock valued at $358,000 after acquiring an additional 184 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

Shares of PYPL stock opened at $77.44 on Thursday. The company has a market capitalization of $79.17 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.11 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50-day simple moving average of $69.87 and a 200 day simple moving average of $65.40. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $80.63.

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

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent research reports. Monness Crespi & Hardt raised their price objective on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. BMO Capital Markets increased their target price on shares of PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Barclays increased their target price on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Citigroup increased their target price on shares of PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Macquarie increased their target price on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $76.38.

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.