TrinityPoint Wealth LLC Purchases 415 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

TrinityPoint Wealth LLC increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.1% in the third quarter, Holdings Channel.com reports. The fund owned 4,504 shares of the credit services provider’s stock after purchasing an additional 415 shares during the period. TrinityPoint Wealth LLC’s holdings in PayPal were worth $351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Planning Capital Management Corp lifted 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 in the last quarter. Financial Management Professionals Inc. lifted its stake in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the period. Family Firm Inc. purchased a new stake in shares of PayPal during the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC grew its stake in shares of 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 during the period. Finally, LRI Investments LLC purchased a new position in shares of PayPal during the first quarter valued at approximately $34,000. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Macquarie raised their target price on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group cut their price objective on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Barclays increased their target price on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Stephens boosted their price target on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, William Blair upgraded shares of PayPal to a “hold” rating in a research note on Tuesday, July 30th. Fifteen investment 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Price Performance

NASDAQ:PYPL opened at $84.67 on Tuesday. The business’s 50-day moving average is $79.17 and its 200 day moving average is $69.16. PayPal Holdings, Inc. has a 12 month low of $55.28 and a 12 month high of $87.92. The company has a market capitalization of $84.88 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.53 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $7.88 billion. During the same period in the prior year, the firm earned $0.97 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

PayPal 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.