Whittier Trust Co. of Nevada Inc. Acquires 863 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Whittier Trust Co. of Nevada Inc. lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 19.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,214 shares of the credit services provider’s stock after purchasing an additional 863 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in PayPal were worth $407,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. lifted its stake in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. Register Financial Advisors LLC bought a new position in shares of PayPal in the 1st quarter worth approximately $30,000. CarsonAllaria Wealth Management Ltd. lifted its stake in shares of PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 185 shares during the period. Family Firm Inc. bought a new stake in PayPal during the 2nd quarter worth approximately $29,000. Finally, SYSTM Wealth Solutions LLC raised its stake in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 0.4 %

NASDAQ PYPL opened at $80.91 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $74.81 and a two-hundred day moving average of $66.86. The firm has a market capitalization of $82.72 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.47 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $82.00.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. The company 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%. PayPal’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share. On average, analysts predict that PayPal Holdings, Inc. will post 4.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on PYPL. BMO Capital Markets raised their target price on shares of PayPal from $72.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. UBS Group raised their target price on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their target price on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group raised their target price on shares of PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Susquehanna raised their target price on shares of PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a research note on Wednesday, July 31st. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.03.

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.