Arete Wealth Advisors LLC Lowers Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Arete Wealth Advisors LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 50.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,562 shares of the credit services provider’s stock after selling 6,697 shares during the quarter. Arete Wealth Advisors LLC’s holdings in PayPal were worth $511,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. ORG Partners LLC grew its stake in PayPal by 8,092.3% in the second quarter. ORG Partners LLC now owns 1,065 shares of the credit services provider’s stock valued at $62,000 after purchasing an additional 1,052 shares during the last quarter. Swedbank AB lifted its holdings in shares of PayPal by 0.3% during the 2nd quarter. Swedbank AB now owns 633,223 shares of the credit services provider’s stock valued at $36,746,000 after purchasing an additional 1,825 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in shares of PayPal by 3.7% in the 2nd quarter. Miracle Mile Advisors LLC now owns 11,787 shares of the credit services provider’s stock worth $684,000 after purchasing an additional 426 shares in the last quarter. Blue Trust Inc. grew its stake in PayPal by 21.2% during the 2nd quarter. Blue Trust Inc. now owns 3,358 shares of the credit services provider’s stock worth $195,000 after buying an additional 588 shares during the last quarter. Finally, Brookstone Capital Management increased its position in PayPal by 107.9% during the 2nd quarter. Brookstone Capital Management now owns 11,241 shares of the credit services provider’s stock valued at $688,000 after buying an additional 5,834 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 1.5 %

Shares of NASDAQ:PYPL opened at $89.40 on Friday. The firm has a market capitalization of $89.63 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The business’s 50 day moving average price is $83.40 and its 200-day moving average price is $71.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

PYPL has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Robert W. Baird boosted their target price on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Macquarie raised their price target on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $86.00 to $103.00 in a research note on Monday. Finally, Barclays upped their target price on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.07.

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.