PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Boosted by Fiduciary Alliance LLC

by · The Cerbat Gem

Fiduciary Alliance LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 21.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 88,550 shares of the credit services provider’s stock after purchasing an additional 15,667 shares during the quarter. Fiduciary Alliance LLC’s holdings in PayPal were worth $6,910,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pittenger & Anderson Inc. grew its holdings in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares during the last quarter. American National Bank acquired a new stake in shares of PayPal during the first quarter valued at approximately $27,000. Family Firm Inc. acquired a new stake in PayPal during the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC grew its holdings in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of PayPal in the 1st quarter valued at about $30,000. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PYPL shares. Barclays raised their price objective on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Evercore ISI increased their price objective on PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $68.00 to $72.00 in a report on Friday, August 9th. Finally, Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Seventeen investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.03.

Read Our Latest Report on PayPal

PayPal Trading Up 0.2 %

PYPL traded up $0.16 on Monday, reaching $80.67. 2,058,499 shares of the company’s stock were exchanged, compared to its average volume of 13,778,833. The company has a market cap of $84.38 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.49 and a beta of 1.44. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $82.00. The company’s 50 day moving average is $72.42 and its 200-day moving average is $66.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24.

PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 EPS. Equities analysts predict that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

PayPal Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report).