Verde Capital Management Purchases 682 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Verde Capital Management lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% during the third quarter, HoldingsChannel reports. The firm owned 50,802 shares of the credit services provider’s stock after purchasing an additional 682 shares during the period. PayPal comprises 1.2% of Verde Capital Management’s investment portfolio, making the stock its 16th biggest position. Verde Capital Management’s holdings in PayPal were worth $3,964,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Mather Group LLC. acquired a new position in shares of PayPal during the first quarter valued at about $71,000. Fulton Bank N.A. lifted its position in shares of PayPal by 17.8% in the 1st quarter. Fulton Bank N.A. now owns 4,272 shares of the credit services provider’s stock worth $286,000 after acquiring an additional 645 shares during the period. Wedmont Private Capital acquired a new stake in shares of PayPal during the 1st quarter worth approximately $224,000. Park Avenue Securities LLC increased its position in shares of PayPal by 47.3% during the first quarter. Park Avenue Securities LLC now owns 19,306 shares of the credit services provider’s stock valued at $1,293,000 after purchasing an additional 6,203 shares during the period. Finally, RFG Advisory LLC acquired a new position in shares of PayPal in the first quarter valued at $367,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on PYPL. William Blair upgraded shares of PayPal to a “hold” rating in a research note on Tuesday, July 30th. Canaccord Genuity Group reiterated a “buy” rating and set a $80.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Monness Crespi & Hardt upped their target price on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. The Goldman Sachs Group raised 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. Finally, Mizuho upped their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.03.

PayPal Stock Performance

PYPL stock opened at $80.94 on Friday. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $82.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $82.75 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44. The business’s fifty day moving average is $74.16 and its 200-day moving average is $66.62.

PayPal (NASDAQ:PYPL) last released 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. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS 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.