Douglass Winthrop Advisors LLC Acquires 350 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Douglass Winthrop Advisors LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,074 shares of the credit services provider’s stock after buying an additional 350 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in PayPal were worth $942,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bruce G. Allen Investments LLC boosted its stake in PayPal by 7.4% in 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 buying an additional 124 shares in the last quarter. First United Bank & Trust boosted its stake in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 145 shares in the last quarter. Ritholtz Wealth Management grew its holdings 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 worth $369,000 after purchasing an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC grew its holdings 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 purchasing an additional 167 shares during the last quarter. Finally, First Bank & Trust increased its position in shares of 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 purchasing an additional 171 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Oppenheimer began coverage on PayPal in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Wells Fargo & Company boosted their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Canaccord Genuity Group raised their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.60.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $87.77 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market cap of $87.99 billion, a PE ratio of 20.95, a PEG ratio of 1.54 and a beta of 1.43. The company’s 50 day moving average price is $80.74 and its two-hundred day moving average price is $69.89. PayPal Holdings, Inc. has a 12-month low of $55.71 and a 12-month high of $88.74.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business posted $0.97 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share 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.