GW Henssler & Associates Ltd. Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

GW Henssler & Associates Ltd. lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 180,890 shares of the credit services provider’s stock after buying an additional 2,990 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in PayPal were worth $14,115,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PYPL. Miracle Mile Advisors LLC raised its holdings in shares of PayPal by 38.1% during the 1st quarter. Miracle Mile Advisors LLC now owns 11,361 shares of the credit services provider’s stock valued at $761,000 after buying an additional 3,134 shares during the period. Claro Advisors LLC increased its holdings in PayPal by 19.3% during the 1st quarter. Claro Advisors LLC now owns 5,581 shares of the credit services provider’s stock worth $374,000 after purchasing an additional 904 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in PayPal by 18.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock worth $15,686,000 after purchasing an additional 36,994 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new stake in PayPal during the 1st quarter worth approximately $201,000. Finally, Albion Financial Group UT increased its holdings in PayPal by 7.8% during the 1st quarter. Albion Financial Group UT now owns 4,208 shares of the credit services provider’s stock worth $282,000 after purchasing an additional 305 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Down 3.6 %

Shares of PayPal stock traded down $3.02 on Tuesday, reaching $80.57. 21,779,677 shares of the company were exchanged, compared to its average volume of 13,561,054. The stock has a fifty day moving average price of $75.94 and a 200-day moving average price of $67.30. The firm has a market capitalization of $84.28 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a fifty-two week low of $50.58 and a fifty-two week high of $83.70.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. PayPal’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 4.44 EPS for the current year.

Analysts Set New Price Targets

PYPL has been the subject of several research reports. Oppenheimer started coverage on PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Wells Fargo & Company boosted their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. UBS Group boosted their price objective on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $68.00 to $72.00 in a research report on Friday, August 9th. Finally, Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Seventeen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.77.

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.