PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Raised by Strategic Investment Solutions Inc. IL

Strategic Investment Solutions Inc. IL raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 95.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800 shares of the credit services provider’s stock after purchasing an additional 390 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in PayPal were worth $62,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pittenger & Anderson Inc. raised its stake in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of PayPal in the 1st quarter valued at approximately $30,000. CarsonAllaria Wealth Management Ltd. raised its stake in shares of PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 185 shares in the last quarter. Family Firm Inc. bought a new position in shares of PayPal in the 2nd quarter valued at approximately $29,000. Finally, SYSTM Wealth Solutions LLC raised 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 valued at $29,000 after acquiring an additional 167 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Susquehanna raised their price objective on PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research note on Wednesday, July 31st. Macquarie raised their target price on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Mizuho raised their target price on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. William Blair raised PayPal to a “hold” rating in a report on Tuesday, July 30th. Finally, Argus raised PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Sixteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.03.

PayPal Price Performance

PYPL traded up $0.84 during trading on Friday, hitting $82.23. The company’s stock had a trading volume of 1,484,999 shares, compared to its average volume of 13,496,507. The firm’s 50 day moving average price is $75.11 and its two-hundred day moving average price is $66.95. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.76. The stock has a market capitalization of $86.02 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

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.