B. Riley Wealth Advisors Inc. Lowers Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

B. Riley Wealth Advisors Inc. trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,961 shares of the credit services provider’s stock after selling 1,319 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in PayPal were worth $2,174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in PYPL. 1ST Source Bank increased its holdings in shares of PayPal by 2.5% in the third quarter. 1ST Source Bank now owns 15,975 shares of the credit services provider’s stock worth $1,247,000 after purchasing an additional 391 shares during the last quarter. Copley Financial Group Inc. bought a new stake in shares of PayPal in the third quarter worth about $249,000. Franklin Resources Inc. increased its holdings in shares of PayPal by 120.3% in the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock worth $125,461,000 after purchasing an additional 849,311 shares during the last quarter. Peapack Gladstone Financial Corp increased its holdings in shares of PayPal by 1.1% in the third quarter. Peapack Gladstone Financial Corp now owns 228,209 shares of the credit services provider’s stock worth $17,807,000 after purchasing an additional 2,576 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of PayPal by 33.7% in the third quarter. Synovus Financial Corp now owns 64,693 shares of the credit services provider’s stock worth $5,048,000 after purchasing an additional 16,306 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PYPL shares. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Oppenheimer assumed coverage on PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Wells Fargo & Company boosted their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Canaccord Genuity Group boosted their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.74.

PayPal Price Performance

NASDAQ PYPL opened at $91.02 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s fifty day moving average price is $83.87 and its 200 day moving average price is $72.38. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The company has a market cap of $91.25 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results 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. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the firm earned $0.97 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share 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.