Integrity Financial Corp WA Sells 734 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Integrity Financial Corp WA trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 19.4% in the third quarter, HoldingsChannel.com reports. The firm owned 3,045 shares of the credit services provider’s stock after selling 734 shares during the period. Integrity Financial Corp WA’s holdings in PayPal were worth $238,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PYPL. Mather Group LLC. bought a new stake in shares of PayPal in the 1st quarter valued at $71,000. Park Avenue Securities LLC grew its stake in shares of PayPal by 47.3% in the 1st quarter. Park Avenue Securities LLC now owns 19,306 shares of the credit services provider’s stock valued at $1,293,000 after buying an additional 6,203 shares during the period. RFG Advisory LLC bought a new stake in PayPal in the 1st quarter valued at about $367,000. Ballentine Partners LLC grew its stake in PayPal by 10.5% in the first quarter. Ballentine Partners LLC now owns 12,050 shares of the credit services provider’s stock valued at $807,000 after acquiring an additional 1,146 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in shares of PayPal during the first quarter valued at approximately $34,000. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

Shares of PayPal stock opened at $80.56 on Tuesday. The company has a market cap of $84.27 billion, a PE ratio of 20.29, a P/E/G ratio of 1.47 and a beta of 1.44. The business has a 50 day moving average of $74.50 and a 200 day moving average of $66.74. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $82.00. 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, topping the consensus estimate 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 analysts’ expectations of $7.82 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of analyst reports. Stephens lifted their price objective on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday. Monness Crespi & Hardt increased their price target on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 29th. William Blair raised shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Mizuho boosted their price target on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Sixteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.03.

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.