Dumont & Blake Investment Advisors LLC 减少了其在 PayPal Holdings, Inc. (NASDAQ:PYPL) 的股票持仓

Dumont & Blake Investment Advisors LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 50.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,404 shares of the credit services provider's stock after selling 7,406 shares during the period. Dumont & Blake Investment Advisors LLC's holdings in PayPal were worth $578,000 at the end of the most recent quarter.

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Other large investors have also modified their holdings of the company. Primecap Management Co. CA grew its stake in PayPal by 180.7% in the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider's stock valued at $287,043,000 after acquiring an additional 3,184,160 shares during the period. Clearbridge Investments LLC lifted its holdings in PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider's stock valued at $493,907,000 after purchasing an additional 1,866,925 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider's stock valued at $87,336,000 after purchasing an additional 1,108,030 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of PayPal by 31.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider's stock worth $194,262,000 after purchasing an additional 687,940 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of PayPal during the first quarter worth about $42,297,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. Stephens lifted their price objective on PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Daiwa Capital Markets upgraded PayPal from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $68.00 to $72.00 in a research report on Friday, August 9th. Barclays raised their price objective on PayPal from $85.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, September 27th. William Blair raised shares of PayPal to a "hold" rating in a report on Tuesday, July 30th. Finally, UBS Group raised their price target on shares of PayPal from $71.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Seventeen equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.03.

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Check Out Our Latest Research Report on PayPal

PayPal Stock Performance

Shares of PayPal stock opened at $81.70 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. The stock has a market capitalization of $85.46 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44. The business has a 50-day moving average of $75.38 and a 200 day moving average of $67.05. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.80.

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PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to analysts' expectations of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.44 earnings per share for the current 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.

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