Fragasso Financial Advisors Inc Cuts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fragasso Financial Advisors Inc reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 28,435 shares of the credit services provider's stock after selling 4,232 shares during the period. Fragasso Financial Advisors Inc's holdings in PayPal were worth $1,855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. lifted its holdings in shares of PayPal by 99,209.1% in the 1st quarter. NBC Securities Inc. now owns 10,924 shares of the credit services provider's stock valued at $712,000 after buying an additional 10,913 shares during the period. Fiduciary Alliance LLC raised its stake in shares of PayPal by 20.8% in the first quarter. Fiduciary Alliance LLC now owns 117,569 shares of the credit services provider's stock valued at $7,671,000 after acquiring an additional 20,239 shares in the last quarter. Baker Tilly Wealth Management LLC raised its position in shares of PayPal by 7.4% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 5,300 shares of the credit services provider's stock worth $346,000 after acquiring an additional 364 shares in the last quarter. Iowa State Bank grew its stake in PayPal by 6.9% during the 1st quarter. Iowa State Bank now owns 31,664 shares of the credit services provider's stock worth $2,066,000 after buying an additional 2,052 shares during the last quarter. Finally, Czech National Bank boosted its holdings in PayPal by 4.5% in the 1st quarter. Czech National Bank now owns 227,213 shares of the credit services provider's stock valued at $14,826,000 after purchasing an additional 9,842 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Trading Up 0.6%

PYPL stock traded up $0.40 during mid-day trading on Tuesday, reaching $71.33. The company's stock had a trading volume of 7,305,515 shares, compared to its average volume of 11,167,688. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The business's 50 day moving average price is $66.34 and its 200 day moving average price is $76.47. The company has a market cap of $69.37 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. The business's quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

PYPL has been the topic of several research reports. Arete Research set a $81.00 price target on shares of PayPal in a report on Thursday, March 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research note on Friday, February 28th. Macquarie decreased their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Finally, BMO Capital Markets lowered their price objective on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $83.29.

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.