10,385 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by United Advisor Group LLC

United Advisor Group LLC acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,385 shares of the credit services provider's stock, valued at approximately $810,000.

Several other institutional investors also recently bought and sold shares of the stock. Financial Management Professionals Inc. increased its holdings in PayPal by 125.3% during the 3rd 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 period. CarsonAllaria Wealth Management Ltd. raised its holdings in PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider's stock worth $31,000 after purchasing an additional 185 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of PayPal in the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC boosted its stake 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 purchasing an additional 167 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in shares of PayPal during the first quarter valued at about $34,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PayPal stock traded up $2.16 on Wednesday, hitting $81.41. 11,540,953 shares of the company's stock were exchanged, compared to its average volume of 13,598,210. 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 market capitalization of $81.62 billion, a PE ratio of 19.15, a PEG ratio of 1.39 and a beta of 1.43. PayPal Holdings, Inc. has a 1 year low of $53.55 and a 1 year high of $83.70. The company has a 50-day simple moving average of $76.78 and a 200-day simple moving average of $67.95.

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

Analysts Set New Price Targets

PYPL has been the topic of several research reports. Canaccord Genuity Group lifted their price objective on PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Daiwa America raised PayPal from a "moderate buy" rating to a "strong-buy" rating in a research note on Friday, August 9th. Phillip Securities reissued an "accumulate" rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Sanford C. Bernstein downgraded shares of PayPal from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Finally, TD Cowen increased their price target on shares of PayPal from $68.00 to $70.00 and gave the stock a "hold" rating in a research note on Wednesday, July 31st. Fifteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.45.

About PayPal

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.