PayPal Holdings, Inc. (NASDAQ:PYPL) Position Raised by Diversify Advisory Services LLC

Diversify Advisory Services LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 27.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,519 shares of the credit services provider's stock after buying an additional 13,081 shares during the quarter. Diversify Advisory Services LLC's holdings in PayPal were worth $4,977,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. FCG Investment Co acquired a new stake in shares of PayPal in the third quarter valued at about $1,079,000. Brown Financial Advisors acquired a new stake in PayPal during the 2nd quarter valued at approximately $1,454,000. Cape Cod Five Cents Savings Bank acquired a new stake in PayPal during the 2nd quarter valued at approximately $3,014,000. Distillate Capital Partners LLC increased its holdings in PayPal by 156,934.7% during the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider's stock worth $19,957,000 after purchasing an additional 343,687 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its position in shares of PayPal by 44.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider's stock valued at $83,000 after purchasing an additional 381 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PYPL shares. JPMorgan Chase & Co. raised their price target on shares of PayPal from $77.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 20th. Stephens upped their target price on shares of PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Sanford C. Bernstein cut shares of PayPal from an "outperform" rating to a "market perform" rating and increased their price target for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. The Goldman Sachs Group boosted their price objective on PayPal from $69.00 to $79.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Finally, Robert W. Baird increased their target price on PayPal from $77.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Seventeen investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $78.77.

PayPal Stock Performance

Shares of PYPL traded down $3.31 during mid-day trading on Tuesday, reaching $80.28. 35,180,696 shares of the company's stock traded hands, compared to its average volume of 13,635,885. The business's 50-day moving average price is $76.10 and its 200-day moving average price is $67.41. The stock has a market capitalization of $83.98 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a 12 month low of $50.58 and a 12 month high of $83.70.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.88 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Equities analysts predict that PayPal Holdings, Inc. will post 4.44 earnings per share for the current year.

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.