PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Rise Advisors LLC

Rise Advisors LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,900 shares of the credit services provider’s stock after purchasing an additional 6,459 shares during the quarter. PayPal comprises 1.8% of Rise Advisors LLC’s portfolio, making the stock its 10th largest position. Rise Advisors LLC’s holdings in PayPal were worth $2,329,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. DoubleLine ETF Adviser LP purchased a new position in shares of PayPal in the first quarter worth approximately $973,000. Pinnacle Financial Partners Inc. increased its stake in PayPal by 16.9% in the 1st quarter. Pinnacle Financial Partners Inc. now owns 95,208 shares of the credit services provider’s stock valued at $7,230,000 after buying an additional 13,762 shares during the period. Brookstone Capital Management lifted its position in PayPal by 301.8% in the 1st quarter. Brookstone Capital Management now owns 50,319 shares of the credit services provider’s stock worth $3,891,000 after buying an additional 37,797 shares in the last quarter. Albion Financial Group UT boosted its stake in shares of PayPal by 4.6% during the 1st quarter. Albion Financial Group UT now owns 5,813 shares of the credit services provider’s stock valued at $441,000 after buying an additional 257 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in PayPal by 60.5% during the first quarter. CIBC Private Wealth Group LLC now owns 107,586 shares of the credit services provider’s stock valued at $9,499,000 after purchasing an additional 40,553 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

PayPal Stock Down 0.4 %

Shares of NASDAQ:PYPL traded down $0.23 during midday trading on Friday, hitting $64.21. The stock had a trading volume of 21,843,532 shares, compared to its average volume of 12,513,100. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.54. The business’s 50-day simple moving average is $66.09 and its 200-day simple moving average is $68.48. The company has a market cap of $70.51 billion, a P/E ratio of 17.94, a PEG ratio of 0.97 and a beta of 1.34. PayPal Holdings, Inc. has a 12 month low of $57.29 and a 12 month high of $95.64.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.16. The company had revenue of $7.29 billion during the quarter, compared to the consensus estimate of $7.27 billion. PayPal had a return on equity of 20.31% and a net margin of 14.27%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 3.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PYPL shares. Deutsche Bank Aktiengesellschaft reduced their price target on PayPal from $100.00 to $80.00 in a report on Friday, June 9th. JPMorgan Chase & Co. lifted their price objective on shares of PayPal from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, August 22nd. Sanford C. Bernstein lowered their target price on shares of PayPal from $85.00 to $70.00 in a research report on Monday, May 22nd. Mizuho reaffirmed a “buy” rating and issued a $92.00 price target on shares of PayPal in a research report on Friday. Finally, BTIG Research boosted their target price on PayPal from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.03.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.