Caprock Group LLC Sells 4,446 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Caprock Group LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,571 shares of the credit services provider’s stock after selling 4,446 shares during the period. Caprock Group LLC’s holdings in PayPal were worth $1,917,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its position in shares of PayPal by 216.9% during the 1st quarter. Acadian Asset Management LLC now owns 41,702 shares of the credit services provider’s stock valued at $2,792,000 after acquiring an additional 28,543 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of PayPal by 29.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 52,341 shares of the credit services provider’s stock worth $3,506,000 after purchasing an additional 11,984 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of PayPal by 18.5% in the 1st quarter. Bessemer Group Inc. now owns 12,898 shares of the credit services provider’s stock worth $863,000 after purchasing an additional 2,018 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of PayPal in the 1st quarter worth $98,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of PayPal in the 1st quarter worth $429,000. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Mizuho upped their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada upped their price objective on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Stephens increased their price target on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $83.45.

PayPal Stock Performance

PayPal stock opened at $84.74 on Thursday. 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 $55.28 and a 1-year high of $87.92. The firm has a market capitalization of $84.96 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43. The company’s 50-day moving average is $79.78 and its 200 day moving average is $69.40.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts forecast that PayPal Holdings, Inc. will post 4.56 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.