Nations Financial Group Inc. IA ADV Purchases Shares of 16,199 PayPal Holdings, Inc. (NASDAQ:PYPL)

Nations Financial Group Inc. IA ADV acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 16,199 shares of the credit services provider’s stock, valued at approximately $940,000.

Other institutional investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. raised its stake in 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 purchasing an additional 172 shares in the last quarter. Verity Asset Management Inc. raised its position in shares of PayPal by 1.9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after buying an additional 181 shares in the last quarter. Indiana Trust & Investment Management CO lifted its holdings in shares of PayPal by 18.6% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after acquiring an additional 184 shares during the last quarter. Checchi Capital Advisers LLC grew its position in PayPal by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock worth $358,000 after acquiring an additional 184 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its stake in PayPal by 65.8% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

PYPL stock opened at $72.43 on Friday. The firm has a 50-day simple moving average of $62.98 and a two-hundred day simple moving average of $62.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $73.93. The firm has a market cap of $75.77 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.97 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last posted its 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. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. PayPal’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PYPL. Susquehanna boosted their target price on PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research report on Wednesday, July 31st. Sanford C. Bernstein upgraded shares of PayPal from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $71.00 to $78.00 in a research report on Wednesday, July 31st. Jefferies Financial Group dropped their price target on shares of PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Finally, William Blair raised shares of PayPal to a “hold” rating in a research note on Tuesday, July 30th. Eighteen 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.56.

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.