Bard Financial Services Inc. Sells 730 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Bard Financial Services Inc. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,090 shares of the credit services provider’s stock after selling 730 shares during the period. Bard Financial Services Inc.’s holdings in PayPal were worth $673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mach 1 Financial Group LLC bought a new stake in shares of PayPal during the 1st quarter valued at about $22,024,000. VitalStone Financial LLC raised its stake in PayPal by 4,514.3% during the 1st quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider’s stock worth $75,000 after buying an additional 316 shares during the period. Resurgent Financial Advisors LLC acquired a new position in PayPal during the 4th quarter worth approximately $29,000. Dakota Community Bank & Trust NA raised its stake in PayPal by 168.8% during the 1st quarter. Dakota Community Bank & Trust NA now owns 422 shares of the credit services provider’s stock worth $32,000 after buying an additional 265 shares during the period. Finally, ZRC Wealth Management LLC acquired a new position in PayPal during the 1st quarter worth approximately $32,000. Institutional investors own 68.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PYPL. Credit Suisse Group reaffirmed a “neutral” rating and set a $80.00 price target on shares of PayPal in a research note on Monday, July 24th. BTIG Research upped their price target on PayPal from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Sanford C. Bernstein dropped their price target on PayPal from $85.00 to $70.00 in a research note on Monday, May 22nd. StockNews.com started coverage on PayPal in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. increased their price objective on PayPal from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.03.

PayPal Stock Performance

NASDAQ:PYPL opened at $64.21 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.30 and a quick ratio of 1.30. The business has a fifty day simple moving average of $66.04 and a two-hundred day simple moving average of $68.34. PayPal Holdings, Inc. has a 1 year low of $57.29 and a 1 year high of $95.64. The company has a market capitalization of $70.51 billion, a P/E ratio of 17.94, a P/E/G ratio of 0.97 and a beta of 1.34.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. The company had revenue of $7.29 billion during the quarter, compared to analysts’ expectations of $7.27 billion. PayPal had a return on equity of 20.31% and a net margin of 14.27%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. On average, analysts expect that PayPal Holdings, Inc. will post 3.81 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. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.