Recently, several institutional investors adjusted their PayPal (PYPL) holdings:
– SYSTM Wealth Solutions raised its stake by 50.6%, owning 497 shares worth $29,000.
– Pittenger & Anderson increased its holding by 77.5%, now owning 394 shares valued at $26,000.
– Verity Asset Management raised its position by 1.9%, owning 9,708 shares worth $650,000.
– Indiana Trust & Investment Management increased its stake by 18.6%, owning 1,175 shares valued at $79,000.
– Checchi Capital Advisers grew its position by 3.1%, owning 6,166 shares worth $358,000.
Overall, institutional investors hold 68.32% of PayPal’s stock.
PayPal Stock Performance
PayPal shares opened at $77.44. The 50-day average is $69.87 and the 200-day average is $65.40. PayPal has a market cap of $79.17 billion, a P/E ratio of 19.51, and a current ratio of 1.24. The stock’s 12-month low is $50.25 and the high is $80.63.
PayPal reported quarterly earnings on July 30th, with an EPS of $1.19, exceeding estimates of $0.99. Revenue was $7.89 billion, above the $7.82 billion forecast. Analysts expect a total EPS of 4.42 for this year.
Analyst Ratings
Recent reports on PayPal include:
– Oppenheimer rated it “market perform”.
– Susquehanna raised the price target from $71 to $83, giving a “positive” rating.
– William Blair upgraded to a “hold” rating.
– Jefferies lowered its target from $70 to $65.
– JPMorgan raised its target from $77 to $80, rating it “overweight”.
The consensus rating is “Moderate Buy” with a target price of $76.38.
About PayPal
PayPal Holdings, Inc. provides a digital payments platform for both merchants and consumers globally, facilitating online and in-person transactions and various payment methods.
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