SYSTM Wealth Solutions LLC Has $29,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

SYSTM Wealth Solutions LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 50.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 497 shares of the credit services provider’s stock after purchasing an additional 167 shares during the period. SYSTM Wealth Solutions LLC’s holdings in PayPal were worth $29,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pittenger & Anderson Inc. raised its position 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 worth $26,000 after acquiring an additional 172 shares during the last quarter. Verity Asset Management Inc. increased its position in PayPal by 1.9% in the first quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock worth $650,000 after purchasing an additional 181 shares during the period. Indiana Trust & Investment Management CO raised its holdings in PayPal by 18.6% during the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock worth $79,000 after purchasing an additional 184 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in PayPal by 3.1% during the 2nd quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock valued at $358,000 after purchasing an additional 184 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. boosted 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 valued at $31,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Up 6.1 %

Shares of NASDAQ:PYPL opened at $77.57 on Friday. The company’s 50-day moving average price is $66.68 and its two-hundred day moving average price is $64.26. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $78.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $81.14 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.43.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of PayPal from $65.00 to $72.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Susquehanna lifted their price objective on PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a research note on Wednesday, July 31st. StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Macquarie boosted their target price on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Seventeen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.58.

PayPal Company 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.