State of Alaska Department of Revenue Buys 5,005 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

State of Alaska Department of Revenue boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,762 shares of the credit services provider’s stock after acquiring an additional 5,005 shares during the quarter. State of Alaska Department of Revenue’s holdings in PayPal were worth $9,266,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PYPL. Vicus Capital purchased a new position in PayPal during the 1st quarter valued at $253,000. Founders Financial Securities LLC raised its position in PayPal by 10.6% during the 1st quarter. Founders Financial Securities LLC now owns 7,299 shares of the credit services provider’s stock valued at $489,000 after purchasing an additional 697 shares in the last quarter. Miracle Mile Advisors LLC raised its position in PayPal by 38.1% during the 1st quarter. Miracle Mile Advisors LLC now owns 11,361 shares of the credit services provider’s stock valued at $761,000 after purchasing an additional 3,134 shares in the last quarter. Claro Advisors LLC raised its position in PayPal by 19.3% during the 1st quarter. Claro Advisors LLC now owns 5,581 shares of the credit services provider’s stock valued at $374,000 after purchasing an additional 904 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in PayPal by 18.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock valued at $15,686,000 after purchasing an additional 36,994 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 0.4 %

PayPal stock opened at $81.70 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The business’s 50-day simple moving average is $75.65 and its two-hundred day simple moving average is $67.17. The company has a market cap of $85.46 billion, a PE ratio of 20.58, a PEG ratio of 1.50 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $82.80.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.44 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on PYPL. UBS Group lifted their target price on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $80.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Robert W. Baird lifted their target price on PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 target price on shares of PayPal in a research report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. boosted their price target on PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Seventeen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, PayPal has an average rating of “Moderate Buy” and a consensus price target of $78.03.

About PayPal

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.