Wilmington Savings Fund Society FSB grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 196.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,221 shares of the credit services provider's stock after buying an additional 6,772 shares during the period. Wilmington Savings Fund Society FSB's holdings in PayPal were worth $798,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal in the third quarter worth $26,000. Family Firm Inc. purchased a new position in shares of PayPal in the second quarter valued at $29,000. SYSTM Wealth Solutions LLC grew its holdings in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Tortoise Investment Management LLC boosted its position in PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider's stock valued at $30,000 after buying an additional 465 shares during the period. Finally, Planning Capital Management Corp increased its stake in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after buying an additional 268 shares during the period. 68.32% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
PYPL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on PayPal from $74.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Monness Crespi & Hardt lifted their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a "buy" rating in a report on Monday, October 28th. Piper Sandler reissued a "neutral" rating and issued a $88.00 target price on shares of PayPal in a research report on Friday, November 22nd. The Goldman Sachs Group upped their price target on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target on the stock in a research report on Friday. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $86.74.
Check Out Our Latest Report on PYPL
PayPal Stock Performance
Shares of PayPal stock traded up $0.28 on Monday, hitting $91.30. The stock had a trading volume of 7,394,239 shares, compared to its average volume of 13,032,401. 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 stock has a market cap of $91.53 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The business's 50 day moving average is $83.87 and its two-hundred day moving average is $72.38. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66.
PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate 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 net margin of 14.08% and a return on equity of 23.44%. PayPal's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.
About PayPal
(
Free Report)
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.
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