Future Financial Wealth Managment LLC Buys Shares of 1,804 PayPal Holdings, Inc. (NASDAQ:PYPL)

Future Financial Wealth Managment LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,804 shares of the credit services provider’s stock, valued at approximately $141,000.

A number of other hedge funds have also recently bought and sold shares of the company. Pittenger & Anderson Inc. lifted its holdings in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. American National Bank acquired a new position in shares of PayPal during the first quarter valued at $27,000. Register Financial Advisors LLC bought a new stake in PayPal in the first quarter valued at about $30,000. CarsonAllaria Wealth Management Ltd. increased its holdings in shares of PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 185 shares in the last quarter. Finally, Family Firm Inc. bought a new position in shares of PayPal during the second quarter worth about $29,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PYPL. Argus raised PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen lifted their price target on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Oppenheimer assumed coverage on PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Robert W. Baird lifted their target price on PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Seventeen equities research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.41.

PayPal Price Performance

PayPal stock opened at $81.16 on Wednesday. The company has a market capitalization of $84.90 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.41 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $81.40. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $71.46 and its 200-day moving average is $65.82.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the company earned $0.83 EPS. PayPal’s revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current 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.