PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 31.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 201,397 shares of the credit services provider's stock after acquiring an additional 48,383 shares during the period. D.A. Davidson & CO.'s holdings in PayPal were worth $15,715,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Planning Capital Management Corp boosted its position in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after acquiring an additional 268 shares during the last quarter. Financial Management Professionals Inc. lifted its position 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. Family Firm Inc. purchased a new position in shares of PayPal in the 2nd quarter worth $29,000. SYSTM Wealth Solutions LLC increased its holdings in shares of PayPal by 50.6% in 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. Finally, LRI Investments LLC purchased a new stake in shares of PayPal during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Down 0.4 %

Shares of PYPL stock traded down $0.38 during trading on Wednesday, reaching $86.56. The company's stock had a trading volume of 1,356,271 shares, compared to its average volume of 13,275,581. The company has a market capitalization of $86.78 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.56 and a beta of 1.43. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $88.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock's 50-day moving average price is $81.04 and its 200 day moving average price is $70.06.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $7.88 billion. During the same period last year, the firm earned $0.97 earnings per share. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Sanford C. Bernstein lowered PayPal from an "outperform" rating to a "market perform" rating and lifted their price target for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Daiwa America upgraded PayPal from a "moderate buy" rating to a "strong-buy" rating in a report on Friday, August 9th. Macquarie lifted their price objective on shares of PayPal from $90.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Mizuho increased their target price on shares of PayPal from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Finally, Monness Crespi & Hardt lifted their price target on shares of PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.60.

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.