Joule Financial LLC Has $743,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Joule Financial LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,523 shares of the credit services provider’s stock after selling 554 shares during the period. Joule Financial LLC’s holdings in PayPal were worth $743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC raised its stake in shares of PayPal by 17.8% during the third quarter. V Square Quantitative Management LLC now owns 20,305 shares of the credit services provider’s stock worth $1,584,000 after buying an additional 3,065 shares during the last quarter. Madrona Financial Services LLC bought a new stake in shares of PayPal during the 3rd quarter valued at $220,000. LexAurum Advisors LLC acquired a new position in shares of PayPal in the 3rd quarter valued at $227,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of PayPal by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 118,232 shares of the credit services provider’s stock worth $9,226,000 after purchasing an additional 1,526 shares during the period. Finally, AlphaMark Advisors LLC increased its holdings in PayPal by 126.4% in the third quarter. AlphaMark Advisors LLC now owns 3,000 shares of the credit services provider’s stock valued at $234,000 after purchasing an additional 1,675 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.7 %

PYPL traded up $0.54 during midday trading on Friday, hitting $80.36. 1,872,385 shares of the company were exchanged, compared to its average volume of 13,639,943. The firm has a market capitalization of $82.15 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.47 and a beta of 1.44. The firm’s 50 day moving average price is $73.83 and its 200-day moving average price is $66.50. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.00.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PYPL shares. Susquehanna boosted their target price on PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a research report on Wednesday, July 31st. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and upped their target price for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Barclays boosted their price target on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Argus raised PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Evercore ISI raised their price target on PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Seventeen research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.52.

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.