Bank of Hawaii Purchases 360 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Bank of Hawaii lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% in the third quarter, HoldingsChannel reports. The fund owned 14,449 shares of the credit services provider’s stock after buying an additional 360 shares during the period. Bank of Hawaii’s holdings in PayPal were worth $1,127,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Family Firm Inc. acquired a new position in PayPal during the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted 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 valued at $29,000 after buying an additional 167 shares during the period. Tortoise Investment Management LLC boosted its stake in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 465 shares during the last quarter. Planning Capital Management Corp grew its holdings in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares during the period. Finally, LRI Investments LLC acquired a new stake in PayPal during the 1st quarter worth $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Up 2.3 %

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

PayPal (NASDAQ:PYPL) last posted 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 firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on PYPL. Stephens raised their price target on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and upped their price target for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $68.00 to $72.00 in a report on Friday, August 9th. Sixteen equities 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 a consensus 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.