NorthCrest Asset Manangement LLC Boosts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

NorthCrest Asset Manangement LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,047 shares of the credit services provider’s stock after purchasing an additional 3,983 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in PayPal were worth $8,899,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC lifted its position in shares of PayPal by 7.4% in the third 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 raised its holdings in shares of PayPal by 6.4% during the 3rd 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 boosted its position in shares of PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its position in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Finally, Pittenger & Anderson Inc. grew its holdings in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PYPL. Jefferies Financial Group dropped their price objective on shares of PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. The Goldman Sachs Group lifted their price target on PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. BMO Capital Markets upped their price objective on PayPal from $72.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. TD Cowen lifted their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Susquehanna increased their price target on PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a report on Wednesday, July 31st. Seventeen analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.03.

PayPal Stock Up 0.4 %

NASDAQ PYPL traded up $0.31 on Friday, hitting $81.70. The stock had a trading volume of 7,201,013 shares, compared to its average volume of 13,524,066. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $82.80. The business’s fifty day moving average price is $75.38 and its 200 day moving average price is $67.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $85.46 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.44 earnings per share for the current year.

PayPal 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.