Diversify Wealth Management LLC Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Diversify Wealth Management LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,289 shares of the credit services provider’s stock after purchasing an additional 4,129 shares during the period. Diversify Wealth Management LLC’s holdings in PayPal were worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Pittenger & Anderson Inc. lifted its position in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares during the last quarter. Family Firm Inc. bought a new stake in shares of PayPal in the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC boosted its stake in shares of 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 purchasing an additional 167 shares during the period. Tortoise Investment Management LLC grew its holdings in PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its position in PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 185 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 2.6 %

Shares of NASDAQ:PYPL opened at $78.22 on Thursday. The business’s 50-day moving average is $76.24 and its 200 day moving average is $67.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a 1 year low of $50.80 and a 1 year high of $83.70. The firm has a market capitalization of $81.82 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.12. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 earnings per share. On average, research analysts predict that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PYPL shares. Robert W. Baird boosted their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Royal Bank of Canada lifted their target price on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group upped their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Seventeen equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.03.

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.