PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by United Asset Strategies Inc.

United Asset Strategies Inc. raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,947 shares of the credit services provider’s stock after purchasing an additional 1,882 shares during the quarter. United Asset Strategies Inc.’s holdings in PayPal were worth $3,039,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Pittenger & Anderson Inc. boosted its holdings in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. Financial Management Professionals Inc. lifted 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 purchasing an additional 243 shares in the last quarter. CarsonAllaria Wealth Management Ltd. boosted its stake in PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 185 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of PayPal during the second quarter worth $29,000. Finally, SYSTM Wealth Solutions LLC raised its position in shares of PayPal by 50.6% in 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 during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Up 1.1 %

Shares of PayPal stock traded up $0.87 on Thursday, reaching $79.09. 4,112,910 shares of the company were exchanged, compared to its average volume of 13,596,996. The stock’s 50 day moving average price is $76.24 and its 200-day moving average price is $67.48. The company has a market cap of $82.73 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $50.80 and a 1-year high of $83.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

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 the consensus estimate of $1.08 by $0.12. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.44 EPS for the current year.

Analyst Ratings Changes

PYPL has been the subject of several research reports. Royal Bank of Canada upped their price objective on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday. Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and increased their price target for the company from $68.00 to $72.00 in a report on Friday, August 9th. JPMorgan Chase & Co. boosted their price objective on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $78.00 price objective on shares of PayPal in a report on Wednesday, September 18th. Seventeen investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.03.

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.