AlphaMark Advisors LLC Purchases 1,675 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

AlphaMark Advisors LLC boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 126.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,000 shares of the credit services provider’s stock after buying an additional 1,675 shares during the quarter. AlphaMark Advisors LLC’s holdings in PayPal were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. raised its holdings 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 during the period. American National Bank acquired a new position in PayPal during the first quarter worth approximately $27,000. Family Firm Inc. acquired a new stake in shares of PayPal in the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC boosted its stake in shares of PayPal by 50.6% during 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 during the period. Finally, Register Financial Advisors LLC acquired a new position in shares of PayPal during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group lifted 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. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. The Goldman Sachs Group boosted their price objective on PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Barclays increased their target price on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $78.03.

PayPal Stock Performance

PayPal stock opened at $80.94 on Friday. The stock has a market cap of $82.75 billion, a PE ratio of 19.60, a P/E/G ratio of 1.47 and a beta of 1.44. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $82.00. The business’s 50-day moving average price is $74.16 and its two-hundred day moving average price is $66.61.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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 net margin of 14.30% and a return on equity of 22.82%. The business 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. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, analysts expect 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.