D.A. Davidson & CO. Purchases 48,383 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

D.A. Davidson & CO. lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 31.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,397 shares of the credit services provider’s stock after buying an additional 48,383 shares during the quarter. D.A. Davidson & CO.’s holdings in PayPal were worth $15,715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PYPL. Family Firm Inc. purchased a new stake in shares of PayPal during the 2nd quarter worth $29,000. SYSTM Wealth Solutions LLC lifted its stake in shares of PayPal by 50.6% during the 2nd 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 during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of PayPal by 930.0% during the 2nd 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. Planning Capital Management Corp lifted its stake in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of PayPal during the 1st quarter worth $34,000. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of analyst reports. Macquarie upped their price objective on PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research note on Wednesday, September 18th. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Sixteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.60.

PayPal Stock Down 0.9 %

Shares of PYPL opened at $86.94 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12 month low of $55.71 and a 12 month high of $88.74. The stock’s 50 day moving average is $81.04 and its two-hundred day moving average is $70.06. The firm has a market cap of $87.16 billion, a P/E ratio of 20.75, a PEG ratio of 1.56 and a beta of 1.43.

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

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.