Planning Capital Management Corp lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 186.1% in the third quarter, HoldingsChannel reports. The firm owned 412 shares of the credit services provider’s stock after buying an additional 268 shares during the quarter. Planning Capital Management Corp’s holdings in PayPal were worth $32,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in PYPL. Zions Bancorporation N.A. grew its stake in shares of PayPal by 11.1% in the third quarter. Zions Bancorporation N.A. now owns 46,117 shares of the credit services provider’s stock worth $3,599,000 after acquiring an additional 4,614 shares in the last quarter. KBC Group NV boosted its holdings in PayPal by 22.5% in the third quarter. KBC Group NV now owns 656,643 shares of the credit services provider’s stock valued at $51,238,000 after purchasing an additional 120,734 shares during the period. Mizuho Securities Co. Ltd. grew its stake in PayPal by 181.9% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 9,020 shares of the credit services provider’s stock worth $704,000 after purchasing an additional 5,820 shares in the last quarter. ICICI Prudential Asset Management Co Ltd grew its position in shares of PayPal by 16.1% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 13,346 shares of the credit services provider’s stock worth $1,041,000 after buying an additional 1,855 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of PayPal by 23.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 70,449 shares of the credit services provider’s stock valued at $5,497,000 after purchasing an additional 13,166 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.
PayPal Trading Down 1.7 %
Shares of PYPL opened at $85.79 on Friday. The firm has a market capitalization of $86.01 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. PayPal Holdings, Inc. has a twelve month low of $55.28 and a twelve month high of $87.92. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $78.25 and its 200 day simple moving average is $68.76.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on PYPL. UBS Group upped their price target on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Macquarie raised their price target on PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Susquehanna raised their target price on shares of PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their price objective on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.45.
Get Our Latest Analysis on PYPL
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.
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