SteelPeak Wealth LLC Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

SteelPeak Wealth LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 33.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,192 shares of the credit services provider’s stock after buying an additional 1,548 shares during the quarter. SteelPeak Wealth LLC’s holdings in PayPal were worth $483,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pittenger & Anderson Inc. boosted its holdings in shares of 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. Financial Management Professionals Inc. boosted its holdings in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the last quarter. CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of PayPal by 65.8% in the first 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 last quarter. Family Firm Inc. purchased a new position in PayPal during the second quarter valued at approximately $29,000. Finally, SYSTM Wealth Solutions LLC lifted its holdings 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 purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PYPL. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Macquarie boosted their target price on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Stephens boosted their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Seventeen 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.03.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $79.30 on Friday. PayPal Holdings, Inc. has a twelve month low of $50.80 and a twelve month high of $83.70. The company’s 50 day moving average is $76.39 and its 200 day moving average is $67.56. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. The company has a market cap of $79.50 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.40 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.12. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company earned $0.97 EPS. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.54 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.