Fulcrum Capital LLC Trims Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fulcrum Capital LLC lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,381 shares of the credit services provider’s stock after selling 2,064 shares during the period. Fulcrum Capital LLC’s holdings in PayPal were worth $4,321,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Bruce G. Allen Investments LLC raised its position in shares of PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after buying an additional 124 shares during the last quarter. First United Bank & Trust increased its position in PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares during the last quarter. Ritholtz Wealth Management increased its position in PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC increased its position 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 purchasing an additional 167 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its position in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Down 0.1 %

NASDAQ PYPL opened at $80.83 on Thursday. The company’s fifty day moving average price is $75.11 and its two-hundred day moving average price is $66.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.24. The company has a market capitalization of $82.63 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same period last year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on PYPL. William Blair raised shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Macquarie upped their price target on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upped their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $68.00 to $72.00 in a research report on Friday, August 9th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average price target of $78.03.

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.