Strategic Investment Solutions Inc. IL Purchases 390 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Strategic Investment Solutions Inc. IL lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 95.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 800 shares of the credit services provider’s stock after acquiring an additional 390 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in PayPal were worth $62,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Sound Income Strategies LLC boosted its position in shares of PayPal by 77.9% during the first quarter. Sound Income Strategies LLC now owns 1,247 shares of the credit services provider’s stock worth $84,000 after buying an additional 546 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of PayPal by 47.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 18,526 shares of the credit services provider’s stock worth $1,241,000 after buying an additional 5,985 shares during the period. Thrive Wealth Management LLC boosted its position in shares of PayPal by 29.4% during the first quarter. Thrive Wealth Management LLC now owns 6,048 shares of the credit services provider’s stock worth $405,000 after buying an additional 1,373 shares during the period. 180 Wealth Advisors LLC acquired a new position in shares of PayPal during the first quarter worth about $516,000. Finally, Hennessy Advisors Inc. boosted its position in shares of PayPal by 7.5% during the first quarter. Hennessy Advisors Inc. now owns 21,500 shares of the credit services provider’s stock worth $1,440,000 after buying an additional 1,500 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PYPL has been the topic of several analyst reports. TD Cowen upped their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Canaccord Genuity Group reiterated a “buy” rating and set a $80.00 target price on shares of PayPal in a report on Wednesday, July 31st. Macquarie upped their target price on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. The Goldman Sachs Group upped their target price on PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, William Blair upgraded PayPal to a “hold” rating in a report on Tuesday, July 30th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.03.

PayPal Price Performance

NASDAQ:PYPL traded up $0.84 during trading hours on Friday, reaching $82.23. 1,484,999 shares of the company were exchanged, compared to its average volume of 13,496,507. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.76. The company has a market capitalization of $86.02 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.50 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50 day moving average of $75.11 and a 200 day moving average of $66.95.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 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 company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the company earned $0.83 EPS. PayPal’s revenue was up 8.2% compared to the same quarter last year. Research analysts forecast that PayPal Holdings, Inc. will post 4.44 EPS for the current 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.