Motley Fool Asset Management LLC Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Motley Fool Asset Management LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,142 shares of the credit services provider’s stock after acquiring an additional 498 shares during the quarter. Motley Fool Asset Management LLC’s holdings in PayPal were worth $3,187,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Family Firm Inc. purchased a new stake in shares of PayPal in the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC increased its position in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the period. Tortoise Investment Management LLC lifted 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 buying an additional 465 shares during the last quarter. Planning Capital Management Corp boosted its holdings in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the period. Finally, Financial Management Professionals Inc. grew its position in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PYPL. Royal Bank of Canada increased their price target on shares of PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Susquehanna boosted their target price on PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. Canaccord Genuity Group increased their price target on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and increased their price target for the company from $68.00 to $72.00 in a report on Friday, August 9th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.60.

PayPal Stock Performance

NASDAQ PYPL opened at $85.14 on Wednesday. The business’s 50-day moving average price is $82.01 and its 200 day moving average price is $70.84. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $88.74. The company has a market capitalization of $85.36 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping 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 business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the firm posted $0.97 EPS. The company’s revenue was up 6.0% on a year-over-year basis. On average, research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

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.