Zions Bancorporation N.A. Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Zions Bancorporation N.A. boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 46,117 shares of the credit services provider’s stock after purchasing an additional 4,614 shares during the quarter. Zions Bancorporation N.A.’s holdings in PayPal were worth $3,599,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Financial Management Professionals Inc. boosted its stake in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of PayPal during the second quarter valued at $29,000. SYSTM Wealth Solutions LLC lifted its stake in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the period. LRI Investments LLC purchased a new stake in shares of PayPal during the 1st quarter valued at about $34,000. Finally, Tortoise Investment Management LLC grew its stake in shares of PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Up 1.1 %

NASDAQ PYPL opened at $87.31 on Thursday. PayPal Holdings, Inc. has a 52 week low of $55.28 and a 52 week high of $87.92. The company has a 50 day moving average price of $78.25 and a 200 day moving average price of $68.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market cap of $87.53 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during 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 firm’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on PYPL. Macquarie boosted their target price on shares of PayPal from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their target price on shares of PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Barclays boosted their price objective on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Fifteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average price target of $83.45.

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.