Focus Financial Network Inc. Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Focus Financial Network Inc. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 12,132 shares of the credit services provider’s stock after acquiring an additional 214 shares during the period. Focus Financial Network Inc.’s holdings in PayPal were worth $947,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PYPL. United Asset Strategies Inc. grew its stake in PayPal by 5.1% during the third quarter. United Asset Strategies Inc. now owns 38,947 shares of the credit services provider’s stock valued at $3,039,000 after acquiring an additional 1,882 shares in the last quarter. AustralianSuper Pty Ltd boosted its holdings in shares of PayPal by 46.0% during the 3rd quarter. AustralianSuper Pty Ltd now owns 160,431 shares of the credit services provider’s stock valued at $12,518,000 after purchasing an additional 50,578 shares during the last quarter. Meitav Investment House Ltd. purchased a new position in shares of PayPal during the third quarter valued at about $211,000. Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in shares of PayPal in the third quarter worth about $1,036,000. Finally, Catalyst Financial Partners LLC purchased a new stake in shares of PayPal in the third quarter worth about $259,000. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PYPL opened at $77.25 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. The business’s fifty day simple moving average is $76.50 and its 200-day simple moving average is $67.69. The company has a market capitalization of $77.45 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.41 and a beta of 1.43. PayPal Holdings, Inc. has a 12-month low of $52.55 and a 12-month high of $83.70.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PYPL. Jefferies Financial Group cut their price target on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Susquehanna upped their price target on shares of PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a research note on Wednesday. Royal Bank of Canada boosted their target price on shares of PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, William Blair raised shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. Fifteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.83.

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.