Linscomb Wealth Inc. Grows Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Linscomb Wealth Inc. boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.0% during the third quarter, Holdings Channel.com reports. The firm owned 28,334 shares of the credit services provider’s stock after acquiring an additional 1,087 shares during the period. Linscomb Wealth Inc.’s holdings in PayPal were worth $2,211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Advisor Group LLC purchased a new stake in shares of PayPal in the third quarter valued at $810,000. FCG Investment Co purchased a new stake in shares of PayPal in the third quarter valued at $1,079,000. Weil Company Inc. raised its stake in shares of PayPal by 68.9% in the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after acquiring an additional 17,003 shares during the period. Brown Financial Advisors purchased a new stake in shares of PayPal in the second quarter valued at $1,454,000. Finally, Versor Investments LP raised its stake in shares of PayPal by 115.9% in the third quarter. Versor Investments LP now owns 26,223 shares of the credit services provider’s stock valued at $2,046,000 after acquiring an additional 14,079 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PYPL. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. UBS Group upped their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Barclays upped their price target on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Stock Performance

PYPL stock opened at $85.83 on Friday. The firm has a market cap of $86.05 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.56 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50-day simple moving average of $78.86 and a two-hundred day simple moving average of $69.01. PayPal Holdings, Inc. has a one year low of $55.28 and a one year high of $87.92.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the firm posted $0.97 EPS. PayPal’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS 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.