PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 23.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,449 shares of the credit services provider's stock after purchasing an additional 13,166 shares during the period. Oppenheimer & Co. Inc.'s holdings in PayPal were worth $5,497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PYPL. Family Firm Inc. bought a new stake in PayPal in the second quarter worth $29,000. SYSTM Wealth Solutions LLC lifted 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 period. Tortoise Investment Management LLC grew 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 acquiring an additional 465 shares in the last quarter. LRI Investments LLC purchased a new position in PayPal during the first quarter valued at approximately $34,000. Finally, Financial Management Professionals Inc. boosted its position 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 acquiring an additional 243 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

Shares of PayPal stock traded down $0.17 on Friday, reaching $85.62. The company's stock had a trading volume of 4,516,721 shares, compared to its average volume of 13,457,204. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $85.84 billion, a P/E ratio of 20.32, a PEG ratio of 1.56 and a beta of 1.43. The stock has a 50-day moving average price of $78.52 and a 200-day moving average price of $68.88. PayPal Holdings, Inc. has a 52-week low of $55.28 and a 52-week high of $87.92.

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 the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. Analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent research reports. StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a research report on Sunday, November 3rd. William Blair upgraded shares of PayPal to a "hold" rating in a report on Tuesday, July 30th. Wells Fargo & Company boosted their price objective on shares of PayPal from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Jefferies Financial Group cut their price target on shares of PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.45.

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.