TrinityPoint Wealth LLC Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

TrinityPoint Wealth LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,504 shares of the credit services provider’s stock after buying an additional 415 shares during the quarter. TrinityPoint Wealth LLC’s holdings in PayPal were worth $351,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. United Advisor Group LLC bought a new stake in PayPal during the third quarter worth about $810,000. FCG Investment Co purchased a new position in shares of PayPal during the 3rd quarter valued at about $1,079,000. Weil Company Inc. lifted its position in PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after buying an additional 17,003 shares during the last quarter. Brown Financial Advisors purchased a new stake in PayPal in the second quarter worth approximately $1,454,000. Finally, Versor Investments LP grew its position in PayPal by 115.9% during the third quarter. Versor Investments LP now owns 26,223 shares of the credit services provider’s stock valued at $2,046,000 after acquiring an additional 14,079 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 1.4 %

NASDAQ:PYPL opened at $84.67 on Tuesday. The firm has a market capitalization of $84.88 billion, a P/E ratio of 20.21, a PEG ratio of 1.53 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a one year low of $55.28 and a one year high of $87.92. The company’s 50-day simple moving average is $79.17 and its 200 day simple moving average is $69.16.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Susquehanna upped their price objective on shares of PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a research note on Wednesday, October 30th. Wells Fargo & Company upped their price target on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and increased their target price for the company from $68.00 to $72.00 in a report on Friday, August 9th. Finally, Oppenheimer began coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Fifteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.45.

About PayPal

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.