Probity Advisors Inc. Buys 637 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Probity Advisors Inc. boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,535 shares of the credit services provider’s stock after buying an additional 637 shares during the period. Probity Advisors Inc.’s holdings in PayPal were worth $900,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Pittenger & Anderson Inc. raised its stake in shares of 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 acquiring an additional 172 shares during the period. American National Bank bought a new stake in PayPal in the first quarter worth about $27,000. Family Firm Inc. bought a new position in shares of PayPal during the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC raised its holdings 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 worth $29,000 after buying an additional 167 shares during the period. Finally, Register Financial Advisors LLC bought a new stake in shares of PayPal during the 1st quarter worth approximately $30,000. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. BMO Capital Markets increased their target price on PayPal from $72.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Oppenheimer assumed coverage on shares of PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Jefferies Financial Group decreased their price objective on shares of PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Canaccord Genuity Group restated a “buy” rating and issued a $80.00 target price on shares of PayPal in a research note on Wednesday, July 31st. Finally, William Blair raised shares of PayPal to a “hold” rating in a research note on Tuesday, July 30th. Seventeen investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.35.

PayPal Stock Performance

Shares of PYPL opened at $80.85 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $84.57 billion, a PE ratio of 20.36, a P/E/G ratio of 1.49 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.00. The stock has a fifty day moving average price of $73.52 and a 200-day moving average price of $66.41.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

PayPal Company 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.