Savvy Advisors Inc. Buys New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Savvy Advisors Inc. purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,689 shares of the credit services provider’s stock, valued at approximately $210,000.

Several other large investors have also added to or reduced their stakes in the stock. Avantax Advisory Services Inc. lifted its stake in shares of PayPal by 13.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,149 shares of the credit services provider’s stock valued at $1,819,000 after purchasing an additional 3,245 shares during the period. Bleakley Financial Group LLC lifted its position in PayPal by 2.4% during the first quarter. Bleakley Financial Group LLC now owns 14,763 shares of the credit services provider’s stock valued at $989,000 after buying an additional 344 shares during the period. TBH Global Asset Management LLC bought a new stake in shares of PayPal during the 1st quarter valued at $252,000. Kingsview Wealth Management LLC grew its position in shares of PayPal by 14.9% in the 1st quarter. Kingsview Wealth Management LLC now owns 24,597 shares of the credit services provider’s stock worth $1,648,000 after buying an additional 3,183 shares during the period. Finally, Leo Wealth LLC increased its stake in shares of PayPal by 9.3% in the 1st quarter. Leo Wealth LLC now owns 3,873 shares of the credit services provider’s stock worth $259,000 after acquiring an additional 329 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 1.1 %

Shares of PYPL stock opened at $87.31 on Thursday. 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 $55.28 and a 12 month high of $87.92. The stock has a market cap of $87.53 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.54 and a beta of 1.43. The company has a 50 day simple moving average of $77.95 and a two-hundred day simple moving average of $68.63.

PayPal (NASDAQ:PYPL) last posted 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. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the business posted $0.97 EPS. PayPal’s revenue was up 6.0% on a year-over-year basis. On average, research analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Monness Crespi & Hardt boosted their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Barclays raised their price target on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Fifteen equities research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.45.

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.