Foundations Investment Advisors LLC Has $331,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Foundations Investment Advisors LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,243 shares of the credit services provider’s stock after buying an additional 421 shares during the quarter. Foundations Investment Advisors LLC’s holdings in PayPal were worth $331,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pittenger & Anderson Inc. grew its holdings 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 valued at $26,000 after buying an additional 172 shares in the last quarter. Family Firm Inc. acquired a new position in shares of PayPal in the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted its position in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in shares of PayPal during the first quarter worth approximately $30,000. Finally, Tortoise Investment Management LLC grew its position in PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PYPL shares. William Blair upgraded shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Robert W. Baird increased their price objective on PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their target price on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Barclays raised their price target on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. boosted their price target on PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Seventeen analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.03.

PayPal Trading Up 0.4 %

Shares of PYPL stock opened at $81.70 on Friday. The firm has a fifty day moving average of $75.38 and a 200-day moving average of $67.05. The stock has a market cap of $85.46 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 1.50 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $82.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24.

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 net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

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.