Douglass Winthrop Advisors LLC Has $942,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Douglass Winthrop Advisors LLC grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,074 shares of the credit services provider’s stock after purchasing an additional 350 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in PayPal were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Planning Capital Management Corp raised its holdings in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Financial Management Professionals Inc. increased its position in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares in the last quarter. Family Firm Inc. acquired a new position in PayPal during the 2nd quarter worth approximately $29,000. 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, LRI Investments LLC acquired a new stake in PayPal in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PYPL. The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Stephens upped their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. BMO Capital Markets lifted their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Robert W. Baird upped their target price on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Canaccord Genuity Group lifted their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Sixteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.60.

PayPal Trading Up 1.2 %

Shares of PayPal stock opened at $87.77 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $87.99 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a 52-week low of $55.71 and a 52-week high of $88.74. The stock’s 50-day simple moving average is $80.74 and its 200 day simple moving average is $69.89.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results 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 net margin of 14.08% and a return on equity of 23.44%. The company 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 company posted $0.97 EPS. PayPal’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current 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.