Winch Advisory Services LLC Sells 391 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Winch Advisory Services LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,082 shares of the credit services provider’s stock after selling 391 shares during the quarter. Winch Advisory Services LLC’s holdings in PayPal were worth $1,333,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Pittenger & Anderson Inc. boosted its holdings 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. Register Financial Advisors LLC acquired a new position in shares of PayPal in the 1st quarter worth approximately $30,000. CarsonAllaria Wealth Management Ltd. boosted its stake in shares of PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 185 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of PayPal during the second quarter worth $29,000. Finally, SYSTM Wealth Solutions LLC raised its stake in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of research analyst reports. Oppenheimer began coverage on shares of PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Susquehanna raised their target price on PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a research note on Wednesday, July 31st. Monness Crespi & Hardt boosted their price target on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Finally, Evercore ISI lifted their price objective on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.03.

PayPal Price Performance

PayPal stock opened at $80.56 on Tuesday. The business’s 50 day simple moving average is $74.50 and its 200 day simple moving average is $66.74. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.00. The company has a market cap of $84.27 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.47 and a beta of 1.44. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

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