Princeton Capital Management LLC Trims Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Princeton Capital Management LLC lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 32.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,394 shares of the credit services provider’s stock after selling 4,922 shares during the period. Princeton Capital Management LLC’s holdings in PayPal were worth $603,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fiduciary Alliance LLC lifted its stake in PayPal by 604.7% in the 1st quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock worth $3,452,000 after purchasing an additional 45,544 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of PayPal by 44.6% in the first quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock worth $83,000 after buying an additional 381 shares in the last quarter. Blue Trust Inc. boosted its stake in PayPal by 21.2% during the second quarter. Blue Trust Inc. now owns 3,358 shares of the credit services provider’s stock valued at $195,000 after buying an additional 588 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in PayPal by 18.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock valued at $15,686,000 after buying an additional 36,994 shares during the period. Finally, Brown Shipley& Co Ltd grew its position in PayPal by 6.0% during the fourth quarter. Brown Shipley& Co Ltd now owns 51,372 shares of the credit services provider’s stock worth $3,155,000 after buying an additional 2,919 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Down 1.0 %

PYPL stock opened at $72.43 on Tuesday. The business has a 50 day moving average of $63.47 and a 200 day moving average of $63.23. The firm has a market cap of $74.05 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.42. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $73.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm 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 company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. On average, research analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research analyst reports. TD Cowen lifted their price target on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. UBS Group increased their price target on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. The Goldman Sachs Group restated a “neutral” rating and issued a $69.00 target price on shares of PayPal in a research report on Monday, June 24th. Finally, Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Eighteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.56.

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.