1 week Ago By ABMN Staff
Larson Financial Group LLC boosted its stake in shares of PayPal Holdings, Inc. ( NASDAQ:PYPL – Free Report ) by 49.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 2,855 shares of the credit services provider’s stock after buying an additional 940 shares during the period. Larson Financial Group LLC’s holdings in PayPal were worth $166,000 at the end of the most recent reporting period. Other large investors have also added to or reduced their stakes in the company.
Pittenger & Anderson Inc. grew its holdings in shares of PayPal by 77.5% during the first quarter.
Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. American National Bank bought a new stake in shares of PayPal in the 1st quarter worth $27,000.
Private Wealth Management Group LLC purchased a new position in shares of PayPal in the fourth quarter worth $29,000. Family Firm Inc. bought a new position in shares of PayPal during the second quarter valued at $29,000.
Finally, Register Financial Advisors LLC purchased a new stake in shares of PayPal during the first quarter valued at $30,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.
PayPal Trading Down 4.4 % Shares of PYPL stock opened at $68.89 on Friday.
The stock’s 50-day moving average price is $64.50 and its 200-day moving average price is $63.55.
PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $74.
40. The stock has a market capitalization of $70.43 billion, a price-to-earnings ratio of 17.
35, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43.
The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.
47. Analysts Set New Price Targets PYPL has been the topic of several research analyst reports. Susquehanna upped their target price on shares of PayPal from $71.
00 to $83.00 and gave the company a “positive” rating in a research note on Wednesday, July 31st. Citigroup raised their target price on shares of PayPal from $79.
00 to $81.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Canaccord Genuity Group reiterated a “buy” rating and set a $80.
00 target price on shares of PayPal in a research note on Wednesday, July 31st. Barclays raised their price target on PayPal from $81.00 to $85.
00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird lifted their price objective on PayPal from $77.
00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Eighteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company.
Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.56.
View Our Latest Analysis on PYPL PayPal Company Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.
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