Future Financial Wealth Managment LLC Acquires Shares of 1,804 PayPal Holdings, Inc. (NASDAQ:PYPL)

Future Financial Wealth Managment LLC acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,804 shares of the credit services provider’s stock, valued at approximately $141,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. boosted its stake 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 purchasing an additional 172 shares during the period. American National Bank bought a new position in PayPal in the first quarter worth about $27,000. Family Firm Inc. acquired a new position in shares of PayPal during the second quarter valued at about $29,000. SYSTM Wealth Solutions LLC increased its holdings in shares of 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 in the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of PayPal during the first quarter valued at about $30,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $81.16 on Wednesday. The firm’s fifty day moving average price is $71.46 and its two-hundred day moving average price is $65.82. The firm has a market capitalization of $84.90 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $81.40. 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 (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 EPS. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on PYPL. StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Canaccord Genuity Group reissued a “buy” rating and issued a $80.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. Barclays raised their target price on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. BMO Capital Markets raised their price objective on PayPal from $72.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. Finally, Argus upgraded PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Seventeen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $76.41.

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.