Claro Advisors LLC Has $682,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Claro Advisors LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 54.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,744 shares of the credit services provider’s stock after buying an additional 3,082 shares during the quarter. Claro Advisors LLC’s holdings in PayPal were worth $682,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PYPL. Family Firm Inc. acquired a new stake in shares of PayPal in the 2nd quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC boosted its holdings in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares during the last quarter. Planning Capital Management Corp boosted its holdings in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of PayPal in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird increased their price objective on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Oppenheimer initiated coverage on PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. William Blair raised PayPal to a “hold” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company raised their price target on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Fifteen investment 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.45.

PayPal Stock Performance

NASDAQ:PYPL opened at $85.83 on Monday. The stock has a market cap of $86.05 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43. 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 stock’s 50-day moving average is $78.86 and its 200-day moving average is $69.04. PayPal Holdings, Inc. has a 1-year low of $55.28 and a 1-year high of $87.92.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share. Equities 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.