Atlanta Consulting Group Advisors LLC Purchases New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atlanta Consulting Group Advisors LLC purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,843 shares of the credit services provider’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC raised its holdings in PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after buying an additional 124 shares during the period. First United Bank & Trust raised its holdings in PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after buying an additional 145 shares during the period. Ritholtz Wealth Management raised its holdings in PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after buying an additional 152 shares during the period. SYSTM Wealth Solutions LLC raised its holdings in 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 period. Finally, First Bank & Trust raised its holdings in PayPal by 4.4% during the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $85.83 on Monday. 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 company has a market cap of $86.05 billion, a PE ratio of 20.48, a P/E/G ratio of 1.53 and a beta of 1.43. The business has a 50-day simple moving average of $78.86 and a two-hundred day simple moving average of $69.04. PayPal Holdings, Inc. has a fifty-two week low of $55.28 and a fifty-two week high of $87.92.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.97 earnings per share. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. TD Cowen increased their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Oppenheimer assumed coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Barclays increased their target price on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Fifteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.45.

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.