Americana Partners LLC sells 7,960 shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Americana Partners LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 54.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,560 shares of the credit services provider’s stock after selling 7,960 shares during the quarter. Americana Partners LLC’s holdings in PayPal were worth $381,000 at the end of the most recent quarter.

Other hedge funds have added to or reduced their stakes in the company. 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 worth $26,000 after buying an additional 172 shares during the last quarter. American National Bank bought a new stake in PayPal in the 1st quarter valued at about $27,000. Register Financial Advisors LLC purchased a new stake in PayPal in the first quarter valued at approximately $30,000. CarsonAllaria Wealth Management Ltd. raised its stake in PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 185 shares during the period. Finally, Private Wealth Management Group LLC purchased a new stake in PayPal in the fourth quarter valued at about $29,000. 68.32% of shares are currently owned by institutional investors.

PayPal stock performance

Shares of PYPL stock opened at $72.43 on Friday. 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 1 year low of $50.25 and a 1 year high of $73.93. The firm has a market cap of $74.05 billion, a PE ratio of 18.24, a PEG ratio of 1.03 and a beta of 1.42. The stock’s fifty day moving average price is $63.21 and its two hundred day moving average price is $63.08.

PayPal (NASDAQ:PYPL – Get Your Free Report ) last released its quarterly earnings data 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 return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. In the same period of the previous year, the company posted EPS of $0.83. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Changes in Analyst Ratings

Several brokerages have recently issued reports on PYPL. TD Cowen raised their target price on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Macquarie raised their target price on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Daiwa America raised PayPal from a “moderate-buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $80.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 target price on shares of PayPal in a research report on Thursday, July 11th. Eighteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $75.56, based on data from MarketBeat.com.

Read the latest stock analysis on PYPL

PayPal Company Profile

(Free report)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers around the world. It operates a two-way network at scale connecting merchants and consumers, enabling its customers to connect, transact and send and receive payments online and in person, as well as transfer and withdraw funds using various funding sources such as such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products, including its installment products, credit and debit cards and cryptocurrencies, and other stored value products, including gift cards and eligible rewards.

Further reading

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