PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Mcrae Capital Management Inc.

Mcrae Capital Management Inc. grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,911 shares of the credit services provider’s stock after buying an additional 5,595 shares during the quarter. PayPal accounts for 2.7% of Mcrae Capital Management Inc.’s holdings, making the stock its 17th largest holding. Mcrae Capital Management Inc.’s holdings in PayPal were worth $13,882,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pittenger & Anderson Inc. grew its position in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. Register Financial Advisors LLC acquired a new position in shares of PayPal in the first quarter valued at approximately $30,000. CarsonAllaria Wealth Management Ltd. increased its stake in PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after buying an additional 185 shares during the period. Family Firm Inc. purchased a new stake in PayPal during the 2nd quarter worth approximately $29,000. Finally, SYSTM Wealth Solutions LLC lifted its holdings in PayPal by 50.6% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PYPL shares. Robert W. Baird upped their price objective on PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. UBS Group upped their price target on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Barclays lifted their price objective on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, The Goldman Sachs Group lifted their price target on shares of PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Seventeen investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.03.

PayPal Stock Performance

NASDAQ PYPL opened at $81.70 on Friday. The firm has a market cap of $85.46 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.50 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $82.80. The business’s 50-day moving average price is $75.65 and its 200 day moving average price is $67.16. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.82 billion. During the same period last year, the business posted $0.83 EPS. The company’s revenue was up 8.2% on a year-over-year basis. On average, equities research analysts expect that PayPal Holdings, Inc. will post 4.44 earnings per share for the current year.

PayPal Company 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.