Dynamic Technology Lab Private Ltd Cuts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Dynamic Technology Lab Private Ltd decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 95.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,311 shares of the credit services provider’s stock after selling 85,548 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in PayPal were worth $336,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in PayPal in the second quarter valued at $29,000. SYSTM Wealth Solutions LLC increased its holdings 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. Tortoise Investment Management LLC lifted its stake in shares of PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares during the period. Planning Capital Management Corp grew its position in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. Finally, LRI Investments LLC purchased a new position in PayPal in the first quarter valued at about $34,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on PYPL shares. Piper Sandler reissued a “neutral” rating and set a $88.00 price target on shares of PayPal in a research note on Friday, November 22nd. Barclays upped their target price on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Monness Crespi & Hardt boosted their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Susquehanna upped their price target on shares of PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $83.60.

PayPal Price Performance

PYPL opened at $86.77 on Friday. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $88.74. The company has a 50 day moving average of $81.69 and a two-hundred day moving average of $70.49. The company has a market cap of $86.99 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.54 and a beta of 1.43. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last announced its quarterly 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 during 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 quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts expect 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.