RPg Family Wealth Advisory LLC Raises Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

RPg Family Wealth Advisory LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 26.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,246 shares of the credit services provider's stock after purchasing an additional 7,017 shares during the quarter. RPg Family Wealth Advisory LLC's holdings in PayPal were worth $2,594,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Bruce G. Allen Investments LLC grew its stake in shares of PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider's stock worth $141,000 after buying an additional 124 shares in the last quarter. First United Bank & Trust grew its position in PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock worth $187,000 after acquiring an additional 145 shares in the last quarter. Ritholtz Wealth Management increased its stake in PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider's stock worth $369,000 after acquiring an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC increased its stake in 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 acquiring an additional 167 shares during the last quarter. Finally, First Bank & Trust raised its position in PayPal by 4.4% during the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider's stock valued at $313,000 after purchasing an additional 171 shares during the period. Institutional investors own 68.32% of the company's stock.

PayPal Trading Up 0.4 %

Shares of NASDAQ:PYPL opened at $87.32 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $87.54 billion, a PE ratio of 20.75, a P/E/G ratio of 1.56 and a beta of 1.43. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $88.74. The business's fifty day simple moving average is $81.04 and its 200-day simple moving average is $70.06.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results 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 company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PYPL. Sanford C. Bernstein downgraded PayPal from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. The Goldman Sachs Group boosted their price objective on shares of PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Daiwa Capital Markets upgraded shares of PayPal from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $68.00 to $72.00 in a report on Friday, August 9th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Sunday, November 3rd. Finally, William Blair raised shares of PayPal to a "hold" rating in a research report on Tuesday, July 30th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.

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