PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Financial Counselors Inc.

Financial Counselors Inc. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 446,000 shares of the credit services provider’s stock after acquiring an additional 7,294 shares during the period. Financial Counselors Inc.’s holdings in PayPal were worth $34,801,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. United Advisor Group LLC purchased a new position in PayPal during the 3rd quarter worth $810,000. FCG Investment Co purchased a new position in shares of PayPal during the third quarter worth about $1,079,000. Equity Investment Corp increased its position in PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after acquiring an additional 67,497 shares during the period. Weil Company Inc. raised its stake in PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after acquiring an additional 17,003 shares during the last quarter. Finally, Brown Financial Advisors acquired a new stake in PayPal during the 2nd quarter worth approximately $1,454,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ:PYPL opened at $86.57 on Thursday. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $88.74. The firm has a 50 day simple moving average of $81.31 and a 200-day simple moving average of $70.17. The firm has a market cap of $86.79 billion, a PE ratio of 20.66, a P/E/G ratio of 1.56 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion for 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%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PYPL shares. Oppenheimer began coverage on PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. BMO Capital Markets upped their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Canaccord Genuity Group lifted their price objective on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.60.

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.