PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by WP Advisors LLC

WP Advisors LLC grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 119,842 shares of the credit services provider’s stock after acquiring an additional 527 shares during the period. PayPal comprises about 3.4% of WP Advisors LLC’s holdings, making the stock its 7th largest position. WP Advisors LLC’s holdings in PayPal were worth $9,351,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new position in PayPal during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC lifted 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 worth $29,000 after buying an additional 167 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in 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 buying an additional 465 shares during the last quarter. Planning Capital Management Corp lifted its holdings in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in shares of PayPal in the 1st quarter worth approximately $34,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PYPL shares. Jefferies Financial Group cut their price target on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Monness Crespi & Hardt raised their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. TD Cowen raised their price target on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Phillip Securities restated an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report 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. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average price target of $83.45.

PayPal Trading Up 0.0 %

PYPL opened at $85.83 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $86.05 billion, a PE ratio of 20.48, a PEG ratio of 1.53 and a beta of 1.43. PayPal Holdings, Inc. has a 1-year low of $55.28 and a 1-year high of $87.92. The firm has a 50-day moving average price of $78.86 and a two-hundred day moving average price of $69.04.

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

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.