Vanguard Personalized Indexing Management LLC Has $4.42 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Vanguard Personalized Indexing Management LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 76,282 shares of the credit services provider’s stock after purchasing an additional 3,562 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PayPal were worth $4,421,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Pittenger & Anderson Inc. lifted its stake in PayPal by 77.5% in the 1st 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 last quarter. American National Bank acquired a new stake in PayPal in the 1st quarter valued at about $27,000. Family Firm Inc. acquired a new stake in PayPal in the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted its stake in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in PayPal in the 1st quarter valued at about $30,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Monness Crespi & Hardt raised their price objective on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Sanford C. Bernstein upgraded shares of PayPal from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $71.00 to $78.00 in a research report on Wednesday, July 31st. BMO Capital Markets raised their price objective on shares of PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Finally, Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Seventeen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $75.58.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $73.12 on Thursday. The company’s 50 day simple moving average is $66.33 and its 200 day simple moving average is $64.17. The stock has a market capitalization of $76.49 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.00 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $74.40.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

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.