Clear Creek Financial Management LLC Has $423,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Clear Creek Financial Management LLC lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,418 shares of the credit services provider’s stock after selling 646 shares during the quarter. Clear Creek Financial Management LLC’s holdings in PayPal were worth $423,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PYPL. Chicago Partners Investment Group LLC boosted its position in shares of PayPal by 7.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,798 shares of the credit services provider’s stock worth $388,000 after acquiring an additional 334 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of PayPal by 20.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,890 shares of the credit services provider’s stock valued at $694,000 after purchasing an additional 1,485 shares during the last quarter. W Advisors LLC bought a new position in shares of PayPal in the 3rd quarter valued at $233,000. Creative Financial Designs Inc. ADV raised its holdings in shares of PayPal by 12.2% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 26,112 shares of the credit services provider’s stock worth $2,038,000 after buying an additional 2,837 shares in the last quarter. Finally, Hills Bank & Trust Co lifted its position in shares of PayPal by 3.2% during the 3rd quarter. Hills Bank & Trust Co now owns 13,076 shares of the credit services provider’s stock worth $1,020,000 after buying an additional 408 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PYPL. The Goldman Sachs Group lifted their price target on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 target price on shares of PayPal in a research note on Wednesday, September 18th. UBS Group increased their price target on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price objective on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley upped their target price on PayPal from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Fifteen 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.45.

PayPal Stock Up 1.1 %

Shares of NASDAQ:PYPL opened at $78.13 on Tuesday. The company has a market cap of $78.33 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.41 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.24. The firm has a fifty day moving average price of $76.63 and a two-hundred day moving average price of $67.83. PayPal Holdings, Inc. has a one year low of $53.55 and a one year high of $83.70.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. Analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

About PayPal

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.