PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Sunbelt Securities Inc.

Sunbelt Securities Inc. grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,334 shares of the credit services provider’s stock after purchasing 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 filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. J. W. Coons Advisors LLC lifted its stake in PayPal by 8.0% during the 4th quarter. J. W. Coons Advisors LLC now owns 5,423 shares of the credit services provider’s stock worth $333,000 after acquiring an additional 400 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in PayPal by 125.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after purchasing an additional 958,130 shares during the period. Peapack Gladstone Financial Corp increased its holdings in PayPal by 3.0% during the 4th quarter. Peapack Gladstone Financial Corp now owns 231,022 shares of the credit services provider’s stock worth $14,187,000 after purchasing an additional 6,809 shares during the period. Blueshift Asset Management LLC increased its holdings in PayPal by 20.2% during the 4th quarter. Blueshift Asset Management LLC now owns 5,247 shares of the credit services provider’s stock worth $322,000 after purchasing an additional 882 shares during the period. Finally, Edge Capital Group LLC increased its holdings in shares of PayPal by 44.8% in the 4th quarter. Edge Capital Group LLC now owns 7,025 shares of the credit services provider’s stock valued at $431,000 after acquiring an additional 2,174 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $69.00 price objective on shares of PayPal in a report on Thursday, September 19th. Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Sanford C. Bernstein raised PayPal from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $71.00 to $78.00 in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group dropped their price target on PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Seventeen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.38.

PayPal Stock Up 0.2 %

Shares of PYPL opened at $78.03 on Tuesday. The stock has a market cap of $79.77 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 1.12 and a beta of 1.43. The company has a 50-day moving average price of $69.12 and a two-hundred day moving average price of $65.21. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $80.63.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The business 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 revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. Equities analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

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.