StoneX Group Inc. Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

StoneX Group Inc. increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 36.6% in the third quarter, HoldingsChannel reports. The firm owned 15,989 shares of the credit services provider’s stock after purchasing an additional 4,280 shares during the quarter. StoneX Group Inc.’s holdings in PayPal were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Firm Inc. purchased a new position in PayPal during the second quarter valued at $29,000. SYSTM Wealth Solutions LLC lifted its position in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the period. Tortoise Investment Management LLC grew its holdings in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 465 shares during the period. Planning Capital Management Corp increased its stake 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. Finally, LRI Investments LLC bought a new position in shares of PayPal during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 2.3 %

NASDAQ PYPL opened at $86.77 on Monday. The stock has a 50 day moving average price of $80.41 and a 200-day moving average price of $69.72. PayPal Holdings, Inc. has a one year low of $55.55 and a one year high of $87.92. The company has a market capitalization of $86.99 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. As a group, equities analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PYPL shares. Deutsche Bank Aktiengesellschaft raised their price objective on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Susquehanna upped their price target 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. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $78.00 target price on shares of PayPal in a report on Wednesday, September 18th. Finally, Macquarie upped their target price on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.60.

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.