Sunbelt Securities Inc. Has $1.18 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sunbelt Securities Inc. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 20,334 shares of the credit services provider’s stock after buying an additional 2,503 shares during the period. Sunbelt Securities Inc.’s holdings in PayPal were worth $1,180,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Legal & General Group Plc boosted its position in PayPal by 3.3% in the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock valued at $501,184,000 after buying an additional 276,287 shares in the last quarter. Clearbridge Investments LLC raised its stake in PayPal by 15.8% during the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock worth $445,103,000 after buying an additional 904,804 shares during the last quarter. Primecap Management Co. CA raised its stake in PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after buying an additional 3,184,160 shares during the last quarter. First Trust Advisors LP raised its stake in PayPal by 1.7% during the fourth quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after buying an additional 61,384 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in PayPal by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock worth $183,789,000 after buying an additional 409,322 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Up 0.2 %

PayPal stock opened at $78.03 on Tuesday. The stock has a 50-day moving average of $69.12 and a two-hundred day moving average of $65.21. The stock has a market cap of $79.77 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. 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 $80.63.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research analyst reports. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their price objective on shares of PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wells Fargo & Company boosted their price target on shares of PayPal from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $68.00 to $72.00 in a report on Friday, August 9th. Finally, TD Cowen lifted their price objective on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Seventeen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.38.

About PayPal

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.