Fortitude Family Office LLC Buys Shares of 1,867 PayPal Holdings, Inc. (NASDAQ:PYPL)

Fortitude Family Office LLC purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,867 shares of the credit services provider’s stock, valued at approximately $146,000.

A number of other large investors also recently modified their holdings of PYPL. Bruce G. Allen Investments LLC lifted its position in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 124 shares during the last quarter. First United Bank & Trust raised its position in shares of PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares during the period. Ritholtz Wealth Management boosted its position in shares of PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 152 shares during the period. SYSTM Wealth Solutions LLC increased its stake in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Finally, First Bank & Trust raised its holdings in PayPal by 4.4% during the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock worth $313,000 after buying an additional 171 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PYPL has been the subject of several recent analyst reports. Monness Crespi & Hardt raised their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Saturday. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Mizuho raised their target price on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, BMO Capital Markets lifted their price target on PayPal from $72.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Seventeen investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.77.

PayPal Price Performance

NASDAQ PYPL opened at $83.59 on Tuesday. PayPal Holdings, Inc. has a 1 year low of $50.58 and a 1 year high of $83.70. The company has a fifty day simple moving average of $75.94 and a 200 day simple moving average of $67.30. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $87.44 billion, a P/E ratio of 21.06, a P/E/G ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 4.44 EPS for the current year.

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.