Benjamin F. Edwards & Company Inc. Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Benjamin F. Edwards & Company Inc. increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,112 shares of the credit services provider’s stock after buying an additional 5,251 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in PayPal were worth $1,341,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. raised its stake in shares of PayPal by 77.5% in the 1st 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 PayPal during the 1st quarter worth approximately $27,000. Family Firm Inc. bought a new position in PayPal during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC grew its position in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new stake in shares of PayPal in the 1st quarter valued at approximately $30,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $69.00 price objective on shares of PayPal in a report on Thursday, September 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $84.00 price objective on shares of PayPal in a research report on Wednesday, July 31st. UBS Group raised their target price on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Mizuho reiterated an “outperform” rating and set a $90.00 price target on shares of PayPal in a research report on Tuesday, August 20th. Seventeen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.16.

PayPal Price Performance

NASDAQ PYPL opened at $77.67 on Tuesday. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $78.80. The business’s fifty day moving average is $67.35 and its two-hundred day moving average is $64.60. The stock has a market capitalization of $81.25 billion, a P/E ratio of 19.56, a P/E/G ratio of 1.01 and a beta of 1.43. 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 announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. PayPal’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal 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.