Diversify Wealth Management LLC Increases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Diversify Wealth Management LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 18.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,289 shares of the credit services provider’s stock after purchasing an additional 4,129 shares during the period. Diversify Wealth Management LLC’s holdings in PayPal were worth $2,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC raised its stake in shares of PayPal by 7.4% during the 3rd 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 raised its position in 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 acquiring an additional 145 shares in the last quarter. Ritholtz Wealth Management boosted its position in PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 152 shares in the last quarter. SYSTM Wealth Solutions LLC grew its stake 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 worth $29,000 after purchasing an additional 167 shares during the period. Finally, First Bank & Trust increased its holdings in shares of PayPal by 4.4% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday. Macquarie lifted their price target on PayPal from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group increased their price target on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday. Oppenheimer began coverage on PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Monness Crespi & Hardt lifted their price target on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday. Seventeen research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.03.

Check Out Our Latest Report on PayPal

PayPal Stock Performance

NASDAQ:PYPL opened at $78.22 on Thursday. The company’s 50-day moving average is $76.24 and its two-hundred day moving average is $67.48. PayPal Holdings, Inc. has a 1-year low of $50.80 and a 1-year high of $83.70. 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 firm has a market capitalization of $81.82 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPLGet 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 $1.08 by $0.12. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts forecast that PayPal Holdings, Inc. will post 4.44 EPS for the current year.

PayPal Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.