XTX Topco Ltd Sells 13,034 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

XTX Topco Ltd reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 71.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,236 shares of the credit services provider’s stock after selling 13,034 shares during the period. XTX Topco Ltd’s holdings in PayPal were worth $304,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PYPL. Pittenger & Anderson Inc. raised its position in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. American National Bank bought a new position in PayPal during the 1st quarter worth $27,000. Family Firm Inc. acquired a new stake in PayPal during the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC grew its holdings in 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 acquiring an additional 167 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in PayPal during the 1st quarter worth about $30,000. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PYPL. Mizuho reiterated an “outperform” rating and set a $90.00 price target on shares of PayPal in a report on Tuesday, August 20th. New Street Research began coverage on PayPal in a report on Friday, May 31st. They set a “buy” rating and a $80.00 price target for the company. Jefferies Financial Group decreased their price target on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. TD Cowen increased their price target on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, UBS Group increased their price target on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average target price of $76.38.

PayPal Trading Down 2.7 %

NASDAQ:PYPL opened at $77.88 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $81.47 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.43. The firm’s 50 day moving average is $68.41 and its 200 day moving average is $64.93. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $80.63.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. PayPal’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

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.