Brooklyn Investment Group Lowers Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Brooklyn Investment Group decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,537 shares of the credit services provider’s stock after selling 269 shares during the quarter. Brooklyn Investment Group’s holdings in PayPal were worth $354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Planning Capital Management Corp grew its holdings in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the period. Financial Management Professionals Inc. grew its holdings in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares during the period. Family Firm Inc. purchased a new stake in shares of PayPal during the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC grew its holdings in shares of PayPal by 50.6% during the 2nd 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 period. Finally, LRI Investments LLC purchased a new stake in shares of PayPal during the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PYPL shares. Oppenheimer started coverage on PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Monness Crespi & Hardt boosted their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group boosted their target price on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Susquehanna boosted their price target on PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a research report on Wednesday, October 30th. Sixteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

PayPal Stock Performance

PYPL stock opened at $86.94 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market cap of $87.16 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.56 and a beta of 1.43. PayPal Holdings, Inc. has a 12-month low of $55.71 and a 12-month high of $88.74. The stock’s 50 day simple moving average is $81.04 and its 200 day simple moving average is $70.06.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

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.