PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,166 shares of the credit services provider’s stock after purchasing an additional 184 shares during the quarter. Checchi Capital Advisers LLC’s holdings in PayPal were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PYPL. Pittenger & Anderson Inc. increased its position in 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 acquiring an additional 172 shares during the period. Verity Asset Management Inc. increased its position in PayPal by 1.9% in the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after acquiring an additional 181 shares during the period. Indiana Trust & Investment Management CO increased its position in PayPal by 18.6% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after acquiring an additional 184 shares during the period. CarsonAllaria Wealth Management Ltd. increased its position in PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 185 shares during the period. Finally, Griffin Asset Management Inc. increased its position in PayPal by 4.2% in the 2nd quarter. Griffin Asset Management Inc. now owns 4,931 shares of the credit services provider’s stock valued at $286,000 after acquiring an additional 200 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PYPL has been the topic of several analyst reports. BMO Capital Markets raised their target price on PayPal from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and issued a $84.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Barclays lifted their price target on PayPal from $81.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Mizuho reissued an “outperform” rating and issued a $90.00 price objective on shares of PayPal in a research note on Tuesday, August 20th. Finally, William Blair raised PayPal to a “hold” rating in a research note on Tuesday, July 30th. Seventeen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.56.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $70.43 on Thursday. The business has a fifty day simple moving average of $62.71 and a 200 day simple moving average of $62.92. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $73.25. The firm has a market cap of $73.67 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 0.97 and a beta of 1.42.

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 the consensus estimate of $0.99 by $0.20. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.42 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.