PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Fiduciary Alliance LLC

Fiduciary Alliance LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,550 shares of the credit services provider’s stock after purchasing an additional 15,667 shares during the quarter. Fiduciary Alliance LLC’s holdings in PayPal were worth $6,910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pittenger & Anderson Inc. increased its position in shares of PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. American National Bank purchased a new position in shares of PayPal during the first quarter worth $27,000. Family Firm Inc. purchased a new position in shares of PayPal during the second quarter worth $29,000. SYSTM Wealth Solutions LLC lifted its stake in PayPal by 50.6% during the 2nd 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 in the last quarter. Finally, Register Financial Advisors LLC purchased a new position in PayPal during the 1st quarter valued at about $30,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PYPL shares. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $75.00 to $80.00 in a research report on Thursday. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. William Blair upgraded shares of PayPal to a “hold” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price objective on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. boosted their target price on PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Seventeen research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average price target of $77.03.

PayPal Price Performance

Shares of PYPL traded up $0.16 during mid-day trading on Monday, reaching $80.67. 2,058,499 shares of the company’s stock were exchanged, compared to its average volume of 13,778,833. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $82.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $72.42 and a two-hundred day simple moving average of $66.12. The company has a market cap of $84.38 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.49 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 4.42 EPS 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.