PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,607 shares of the credit services provider’s stock after selling 728 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in PayPal were worth $1,776,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SYSTM Wealth Solutions LLC increased its stake in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Pittenger & Anderson Inc. increased its position in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares in the last quarter. Verity Asset Management Inc. raised its stake in shares of PayPal by 1.9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock worth $650,000 after buying an additional 181 shares during the period. Indiana Trust & Investment Management CO lifted its position in shares of PayPal by 18.6% during the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after buying an additional 184 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its stake in PayPal by 3.1% in the 2nd quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock valued at $358,000 after acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $68.00 to $72.00 in a report on Friday, August 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of PayPal in a research note on Wednesday, July 31st. Mizuho reiterated an “outperform” rating and set a $90.00 price objective on shares of PayPal in a research note on Tuesday, August 20th. Royal Bank of Canada reissued an “outperform” rating and set a $84.00 target price on shares of PayPal in a report on Wednesday, July 31st. Finally, Citigroup lifted their price target on PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Seventeen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.38.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $77.88 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $80.63. The firm has a market capitalization of $81.47 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.11 and a beta of 1.43. The company’s fifty day moving average price is $68.41 and its 200 day moving average price is $64.93.

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

PayPal 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.