Toronto Dominion Bank Sells 25,249 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Toronto Dominion Bank lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 531,851 shares of the credit services provider’s stock after selling 25,249 shares during the quarter. Toronto Dominion Bank owned 0.05% of PayPal worth $30,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PYPL. SYSTM Wealth Solutions LLC boosted its holdings in 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 during the period. Pittenger & Anderson Inc. boosted its stake 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 during the period. Verity Asset Management Inc. grew its position in PayPal by 1.9% during the first 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 in the last quarter. Indiana Trust & Investment Management CO increased its stake in 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 worth $79,000 after acquiring an additional 184 shares during the period. Finally, Checchi Capital Advisers LLC raised its holdings 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 in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 1.3 %

Shares of NASDAQ:PYPL opened at $77.36 on Thursday. The firm has a market cap of $79.09 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.11 and a beta of 1.43. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $79.26. The business has a fifty day simple moving average of $67.68 and a 200 day simple moving average of $64.73. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period last year, the company earned $0.83 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PYPL. Canaccord Genuity Group reissued a “buy” rating and set a $80.00 target price on shares of PayPal in a report on Wednesday, July 31st. William Blair raised shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. New Street Research started coverage on shares of PayPal in a research report on Friday, May 31st. They issued a “buy” rating and a $80.00 target price for the company. Mizuho reiterated an “outperform” rating and set a $90.00 price target on shares of PayPal in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company boosted their price objective on shares of PayPal from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Seventeen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.16.

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.