Keudell Morrison Wealth Management Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Keudell Morrison Wealth Management bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 3,428 shares of the credit services provider’s stock, valued at approximately $267,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in shares of PayPal during the second quarter worth $29,000. SYSTM Wealth Solutions LLC raised its position in 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 purchasing an additional 167 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after buying an additional 465 shares during the period. CarsonAllaria Wealth Management Ltd. grew its position in shares of 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 buying an additional 185 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of PayPal in the first quarter valued at about $34,000. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on PYPL shares. TD Cowen lifted their price objective on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group lowered their target price on shares of PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Finally, William Blair upgraded PayPal to a “hold” rating in a report on Tuesday, July 30th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.45.

PayPal Stock Performance

Shares of PYPL stock traded up $0.67 during trading on Thursday, hitting $82.08. The company’s stock had a trading volume of 1,475,896 shares, compared to its average volume of 13,542,126. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $82.29 billion, a PE ratio of 19.43, a P/E/G ratio of 1.39 and a beta of 1.43. The business has a fifty day moving average of $77.00 and a 200-day moving average of $68.05. PayPal Holdings, Inc. has a 52 week low of $53.55 and a 52 week high of $83.70.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

PayPal 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.