Nicolet Advisory Services LLC Increases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Nicolet Advisory Services LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,623 shares of the credit services provider’s stock after acquiring an additional 539 shares during the quarter. Nicolet Advisory Services LLC’s holdings in PayPal were worth $357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PYPL. Bruce G. Allen Investments LLC increased its holdings in PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 124 shares during the period. First United Bank & Trust grew its position in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after buying an additional 145 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after buying an additional 152 shares during the period. SYSTM Wealth Solutions LLC raised 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 acquiring an additional 167 shares in the last quarter. Finally, First Bank & Trust lifted its stake in PayPal by 4.4% in the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock worth $313,000 after acquiring an additional 171 shares during the period. 68.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their price target on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt increased their price target on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. BMO Capital Markets lifted their price objective on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer initiated coverage on PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Sixteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.60.

PayPal Stock Up 2.3 %

Shares of PayPal stock opened at $86.77 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a twelve month low of $55.55 and a twelve month high of $87.92. The company has a market cap of $86.99 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43. The company’s 50 day moving average is $80.41 and its 200 day moving average is $69.68.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current 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.