PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 199.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,540 shares of the credit services provider’s stock after purchasing an additional 5,685 shares during the quarter. Larson Financial Group LLC’s holdings in PayPal were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Planning Capital Management Corp boosted 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 worth $32,000 after purchasing an additional 268 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the last quarter. Family Firm Inc. purchased a new stake in PayPal in the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC increased its stake in shares of 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 last quarter. Finally, LRI Investments LLC purchased a new position in shares of PayPal during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL opened at $87.77 on Tuesday. PayPal Holdings, Inc. has a 52 week low of $55.71 and a 52 week high of $88.74. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market cap of $87.99 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.54 and a beta of 1.43. The stock has a 50 day moving average of $80.74 and a 200-day moving average of $69.89.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PYPL shares. Robert W. Baird boosted their target price on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Canaccord Genuity Group upped their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, William Blair upgraded PayPal to a “hold” rating in a report on Tuesday, July 30th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $83.60.

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.