Thrivent Financial for Lutherans Increases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Thrivent Financial for Lutherans boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,688,261 shares of the credit services provider's stock after acquiring an additional 28,870 shares during the quarter. Thrivent Financial for Lutherans owned about 0.17% of PayPal worth $131,735,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Bruce G. Allen Investments LLC grew its stake in shares of PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider's stock valued at $141,000 after buying an additional 124 shares during the last quarter. First United Bank & Trust grew its stake in shares of PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock valued at $187,000 after buying an additional 145 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider's stock valued at $369,000 after buying an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC grew its stake in PayPal by 50.6% in 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. Finally, First Bank & Trust grew its stake in PayPal by 4.4% in the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider's stock worth $313,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

PYPL has been the topic of several research analyst reports. Susquehanna increased their price objective on PayPal from $83.00 to $94.00 and gave the stock a "positive" rating in a research note on Wednesday, October 30th. Barclays raised their price objective on PayPal from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. The Goldman Sachs Group lifted their price target on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Sanford C. Bernstein cut 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. Finally, Phillip Securities reiterated an "accumulate" rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.45.

PayPal Price Performance

Shares of PayPal stock traded up $0.04 on Friday, hitting $85.83. 8,083,167 shares of the company were exchanged, compared to its average volume of 11,479,406. The stock has a market capitalization of $86.05 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43. The company has a 50-day moving average price of $78.86 and a 200 day moving average price of $69.04. PayPal Holdings, Inc. has a 1-year low of $55.28 and a 1-year high of $87.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating 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 firm had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.88 billion. During the same period in the prior year, the firm posted $0.97 earnings per share. The firm's quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal 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.