Continuum Advisory LLC Buys 563 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Continuum Advisory LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 285.8% during the third quarter, HoldingsChannel.com reports. The fund owned 760 shares of the credit services provider’s stock after acquiring an additional 563 shares during the quarter. Continuum Advisory LLC’s holdings in PayPal were worth $65,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal in the 3rd quarter worth approximately $26,000. Family Firm Inc. bought a new position in PayPal in the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC boosted its stake in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 465 shares during the last quarter. Finally, Planning Capital Management Corp increased its stake in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PYPL has been the topic of several research reports. Macquarie upped their price target on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of PayPal in a report on Thursday. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Finally, Stephens lifted their target price on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.07.

PayPal Trading Down 1.5 %

NASDAQ PYPL opened at $89.40 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average is $83.40 and its 200-day moving average is $71.90. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The firm has a market cap of $89.63 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 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.