Simmons Bank Acquires 2,008 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Simmons Bank increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,577 shares of the credit services provider’s stock after purchasing an additional 2,008 shares during the period. Simmons Bank’s holdings in PayPal were worth $2,074,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PYPL. Bruce G. Allen Investments LLC increased its position in PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 124 shares during the last quarter. First United Bank & Trust increased its position in PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 145 shares during the last quarter. Ritholtz Wealth Management increased its position in PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC increased its position in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Finally, First Bank & Trust increased its position in PayPal by 4.4% during the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $87.31 on Thursday. The firm has a market capitalization of $87.53 billion, a P/E ratio of 20.84, a PEG ratio of 1.54 and a beta of 1.43. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $77.95 and a 200 day moving average price of $68.63. PayPal Holdings, Inc. has a 52 week low of $55.28 and a 52 week high of $87.92.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.97 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on PYPL shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Wells Fargo & Company upped their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Barclays upped their price target on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Oppenheimer started coverage on shares of PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a report on Wednesday, September 18th. Fifteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.45.

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.