17,515 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Diversified Trust Co

Diversified Trust Co bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,515 shares of the credit services provider’s stock, valued at approximately $1,367,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PYPL. SYSTM Wealth Solutions LLC grew its holdings in 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 purchasing an additional 167 shares during the period. Pittenger & Anderson Inc. lifted its position in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. Verity Asset Management Inc. grew its stake in shares of PayPal by 1.9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock worth $650,000 after acquiring an additional 181 shares during the period. Indiana Trust & Investment Management CO increased its holdings in PayPal by 18.6% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock worth $79,000 after acquiring an additional 184 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in PayPal by 3.1% in the 2nd quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock valued at $358,000 after acquiring an additional 184 shares during the period. 68.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Evercore ISI lifted their price target on PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Finally, UBS Group increased their price objective on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Seventeen research 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 company. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average target price of $76.41.

PayPal Stock Performance

NASDAQ PYPL opened at $81.16 on Wednesday. The firm has a market cap of $84.90 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.41 and a beta of 1.44. The company has a 50-day simple moving average of $71.11 and a two-hundred day simple moving average of $65.71. 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 $81.40.

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