Leavell Investment Management Inc. Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Leavell Investment Management Inc. grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 63.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,011 shares of the credit services provider’s stock after purchasing an additional 7,010 shares during the period. Leavell Investment Management Inc.’s holdings in PayPal were worth $1,405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Family Firm Inc. bought a new stake in PayPal during the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC increased its position in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares during the period. Tortoise Investment Management LLC increased its position in shares of PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares during the period. LRI Investments LLC bought a new stake in shares of PayPal during the first quarter valued at approximately $34,000. Finally, Financial Management Professionals Inc. boosted its holdings in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research analyst reports. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Susquehanna lifted their price objective on PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 target price on shares of PayPal in a report on Wednesday, September 18th. Wells Fargo & Company raised their target price on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group upped their price target on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Fifteen research 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.45.

PayPal Stock Performance

PYPL opened at $83.01 on Friday. 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 $53.87 and a 12-month high of $83.70. The firm has a 50 day moving average of $77.37 and a two-hundred day moving average of $68.28. The firm has a market capitalization of $83.22 billion, a PE ratio of 19.81, a P/E/G ratio of 1.45 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current 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.