PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Raised by Demars Financial Group LLC

Demars Financial Group LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.8% during the third quarter, Holdings Channel.com reports. The firm owned 6,764 shares of the credit services provider’s stock after acquiring an additional 309 shares during the period. Demars Financial Group LLC’s holdings in PayPal were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. raised its stake 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 valued at $34,000 after purchasing an additional 243 shares in the last quarter. CarsonAllaria Wealth Management Ltd. grew its holdings in PayPal by 65.8% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 185 shares during the period. Family Firm Inc. acquired a new position in PayPal during the second quarter worth about $29,000. SYSTM Wealth Solutions LLC grew its holdings 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 acquiring an additional 167 shares during the period. Finally, LRI Investments LLC acquired a new position in PayPal during the first quarter worth about $34,000. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. UBS Group lifted their target price on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Barclays lifted their price target on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research note on Wednesday, September 18th. Finally, StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Fifteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Stock Performance

PYPL traded up $1.66 on Friday, hitting $83.01. The company had a trading volume of 8,144,180 shares, compared to its average volume of 13,546,967. The company’s fifty day moving average price is $77.37 and its 200 day moving average price is $68.28. PayPal Holdings, Inc. has a 1-year low of $53.87 and a 1-year high of $83.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $83.22 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its earnings results 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 return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the company earned $0.97 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts predict that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal 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.