Focus Financial Network Inc. Acquires 214 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Focus Financial Network Inc. lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,132 shares of the credit services provider’s stock after buying an additional 214 shares during the quarter. Focus Financial Network Inc.’s holdings in PayPal were worth $947,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC increased 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 purchasing an additional 124 shares in the last quarter. First United Bank & Trust increased its position in PayPal by 6.4% during the 3rd 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 in the last quarter. Ritholtz Wealth Management raised 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 valued at $369,000 after buying an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its holdings 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 acquiring an additional 167 shares in the last quarter. Finally, First Bank & Trust grew its stake in shares of 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 acquiring an additional 171 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Down 2.6 %

NASDAQ PYPL opened at $77.25 on Friday. The stock’s 50-day moving average price is $76.50 and its 200-day moving average price is $67.69. The company has a market capitalization of $77.45 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.43. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 52 week low of $52.55 and a 52 week high of $83.70.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’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 earned $0.97 earnings per share. On average, equities research analysts predict that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PYPL shares. Stephens lifted their price target on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. The Goldman Sachs Group upped their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and raised their price target for the company from $68.00 to $72.00 in a research report on Friday, August 9th. Morgan Stanley upped their price objective on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, BMO Capital Markets lifted their target price on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.83.

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.