PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 822,324 shares of the credit services provider’s stock after purchasing an additional 13,342 shares during the quarter. Glenmede Trust Co. NA’s holdings in PayPal were worth $64,166,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PYPL. Family Firm Inc. purchased a new stake in shares of PayPal during the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC grew 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 valued at $29,000 after acquiring an additional 167 shares during the period. Tortoise Investment Management LLC increased its stake in PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares during the last quarter. Planning Capital Management Corp raised its holdings in shares of PayPal by 186.1% in the 3rd 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 period. Finally, LRI Investments LLC acquired a new stake in PayPal during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 0.9 %

PayPal stock opened at $86.94 on Wednesday. PayPal Holdings, Inc. has a 12-month low of $55.71 and a 12-month high of $88.74. 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 capitalization of $87.16 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. The firm has a 50 day simple moving average of $81.04 and a 200-day simple moving average of $70.06.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PYPL shares. Oppenheimer assumed coverage on PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Morgan Stanley upped their price target on PayPal from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $68.00 to $72.00 in a report on Friday, August 9th. TD Cowen increased their target price on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Canaccord Genuity Group lifted their price target on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.