Jaffetilchin Investment Partners LLC Buys Shares of 8,366 PayPal Holdings, Inc. (NASDAQ:PYPL)

Jaffetilchin Investment Partners LLC purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,366 shares of the credit services provider’s stock, valued at approximately $653,000.

A number of other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. raised its holdings in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the last quarter. Family Firm Inc. acquired a new position in PayPal in the second quarter valued at $29,000. SYSTM Wealth Solutions LLC lifted its position in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the period. LRI Investments LLC acquired a new stake in PayPal in the 1st quarter worth about $34,000. Finally, Tortoise Investment Management LLC grew its holdings in PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PYPL shares. TD Cowen raised their target price on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Canaccord Genuity Group boosted their price objective on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their target price on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Finally, Macquarie raised their price objective on PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.45.

PayPal Price Performance

Shares of PYPL stock opened at $86.94 on Tuesday. The firm has a fifty day moving average of $77.37 and a two-hundred day moving average of $68.33. The firm has a market cap of $87.16 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.48 and a beta of 1.43. PayPal Holdings, Inc. has a 1-year low of $53.98 and a 1-year high of $87.47. 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 (NASDAQ:PYPL) last posted 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. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the firm earned $0.97 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

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.