1,387 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by FSA Wealth Management LLC

FSA Wealth Management LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,387 shares of the credit services provider’s stock, valued at approximately $108,000.

Other large investors have also recently added to or reduced their stakes in the company. Planning Capital Management Corp boosted its holdings in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares in the last quarter. Financial Management Professionals Inc. lifted its position in PayPal by 125.3% during the 3rd 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 in the last quarter. Family Firm Inc. bought a new stake in PayPal during the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC increased its position in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of PayPal in the first quarter worth about $34,000. 68.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research reports. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and raised their price target for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Stephens upped their price target on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Royal Bank of Canada lifted their price objective on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and upped their target price for the company from $68.00 to $72.00 in a research report on Friday, August 9th. Finally, Wells Fargo & Company lifted their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. 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. According to MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus target price of $83.60.

PayPal Stock Up 0.2 %

PYPL stock opened at $86.77 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $86.99 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $88.74. The business has a 50-day moving average of $81.69 and a 200-day moving average of $70.49.

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, topping analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 EPS. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal 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.