StoneX Group Inc. Acquires 4,280 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

StoneX Group Inc. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 36.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,989 shares of the credit services provider’s stock after acquiring an additional 4,280 shares during the period. StoneX Group Inc.’s holdings in PayPal were worth $1,248,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC boosted its position in shares of PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after buying an additional 124 shares during the last quarter. First United Bank & Trust lifted its stake in PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 145 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after acquiring an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC grew its stake in shares of 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 acquiring an additional 167 shares in the last quarter. Finally, First Bank & Trust raised its holdings in shares of PayPal by 4.4% in the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 2.3 %

Shares of PYPL stock opened at $86.77 on Monday. The company has a market capitalization of $86.99 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a 52-week low of $55.55 and a 52-week high of $87.92. The business’s fifty day moving average is $80.41 and its 200 day moving average is $69.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PYPL. William Blair raised shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Barclays boosted their target price on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Canaccord Genuity Group boosted their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group reduced their price objective on PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.60.

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.