Rakuten Securities Inc. Has $845,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Rakuten Securities Inc. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 61.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,832 shares of the credit services provider’s stock after buying an additional 4,131 shares during the period. Rakuten Securities Inc.’s holdings in PayPal were worth $845,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Bruce G. Allen Investments LLC increased its holdings in 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 purchasing an additional 124 shares in the last quarter. First United Bank & Trust grew its position in shares of PayPal by 6.4% in 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 during the last quarter. Ritholtz Wealth Management grew its position in shares of PayPal by 3.3% in the 3rd 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 grew its position in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the last quarter. Finally, First Bank & Trust grew its position in shares of PayPal by 4.4% in the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PYPL. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Monness Crespi & Hardt upped their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. The Goldman Sachs Group upped their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Barclays upped their price target on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Fifteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Trading Up 4.7 %

NASDAQ PYPL opened at $86.94 on Tuesday. The stock’s 50-day simple moving average is $77.67 and its two-hundred day simple moving average is $68.49. PayPal Holdings, Inc. has a twelve month low of $53.98 and a twelve month high of $87.47. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $87.16 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.48 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the business posted $0.97 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal 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.