Atomi Financial Group Inc. Has $798,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atomi Financial Group Inc. raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,231 shares of the credit services provider’s stock after buying an additional 1,211 shares during the quarter. Atomi Financial Group Inc.’s holdings in PayPal were worth $798,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PYPL. Pittenger & Anderson Inc. raised its position in PayPal by 77.5% during the first 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 in the last quarter. American National Bank bought a new position in shares of PayPal in the 1st quarter valued at $27,000. Register Financial Advisors LLC acquired a new position in shares of PayPal during the 1st quarter worth $30,000. CarsonAllaria Wealth Management Ltd. lifted its position in shares of PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after buying an additional 185 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in PayPal in the second quarter valued at about $29,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Mizuho restated an “outperform” rating and issued a $90.00 target price on shares of PayPal in a research report on Tuesday, August 20th. Canaccord Genuity Group reiterated a “buy” rating and set a $80.00 price target on shares of PayPal in a report on Wednesday, July 31st. Evercore ISI raised their price objective on PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Finally, Barclays boosted their price objective on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Sixteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $76.41.

PayPal Stock Performance

NASDAQ:PYPL opened at $81.65 on Thursday. 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 twelve month low of $50.25 and a twelve month high of $82.00. The company has a fifty day moving average of $71.46 and a 200-day moving average of $65.82. The firm has a market capitalization of $85.41 billion, a P/E ratio of 20.54, a P/E/G ratio of 1.41 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. As a group, sell-side analysts anticipate 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.