2,689 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,689 shares of the credit services provider’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Family Firm Inc. purchased a new position in PayPal in the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC lifted its position in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the last quarter. Tortoise Investment Management LLC grew its stake in shares of PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares during the period. LRI Investments LLC purchased a new stake in PayPal in the 1st quarter worth about $34,000. Finally, Financial Management Professionals Inc. lifted its holdings in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

Shares of PYPL stock opened at $87.31 on Thursday. The company has a market capitalization of $87.53 billion, a P/E ratio of 20.84, a PEG ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a fifty-two week low of $55.28 and a fifty-two week high of $87.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50 day moving average price of $77.95 and a two-hundred day moving average price of $68.63.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. Analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research note on Wednesday, September 18th. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Jefferies Financial Group cut their price target on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Wells Fargo & Company boosted their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $68.00 to $72.00 in a research note on Friday, August 9th. Fifteen equities research analysts have rated the stock with 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.45.

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.