Rise Advisors LLC Buys 1,222 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Rise Advisors LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,290 shares of the credit services provider’s stock after buying an additional 1,222 shares during the quarter. PayPal makes up 1.8% of Rise Advisors LLC’s holdings, making the stock its 10th biggest position. Rise Advisors LLC’s holdings in PayPal were worth $3,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PYPL. Compagnie Lombard Odier SCmA lifted its stake in PayPal by 33.7% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 8,815 shares of the credit services provider’s stock valued at $688,000 after purchasing an additional 2,222 shares during the last quarter. Shaker Investments LLC OH bought a new stake in PayPal in the third quarter valued at approximately $2,163,000. CHICAGO TRUST Co NA bought a new stake in PayPal in the third quarter valued at approximately $253,000. Exchange Traded Concepts LLC lifted its position in shares of PayPal by 10.4% in the third quarter. Exchange Traded Concepts LLC now owns 182,951 shares of the credit services provider’s stock valued at $14,276,000 after buying an additional 17,290 shares during the last quarter. Finally, Carnegie Investment Counsel boosted its stake in shares of PayPal by 14.4% during the 3rd quarter. Carnegie Investment Counsel now owns 219,889 shares of the credit services provider’s stock worth $17,158,000 after acquiring an additional 27,705 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Trading Up 1.9 %

PYPL opened at $80.51 on Monday. The company has a market cap of $84.22 billion, a P/E ratio of 20.28, a PEG ratio of 1.49 and a beta of 1.44. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $72.42 and its 200-day moving average is $66.12. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.00.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

PYPL has been the topic of a number of research analyst reports. TD Cowen increased their price target on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Mizuho restated an “outperform” rating and set a $90.00 target price on shares of PayPal in a research note on Tuesday, August 20th. Wells Fargo & Company lifted their target price on shares of PayPal from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Macquarie increased their price target on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $69.00 price objective on shares of PayPal in a report on Thursday, September 19th. Seventeen investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average price target of $76.71.

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.