Gradient Investments LLC Grows Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Gradient Investments LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 347,529 shares of the credit services provider's stock after buying an additional 58,629 shares during the period. Gradient Investments LLC's holdings in PayPal were worth $22,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PYPL. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal during the fourth quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal in the 4th quarter worth about $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of PayPal in the 4th quarter worth about $34,000. Pinney & Scofield Inc. acquired a new stake in shares of PayPal in the 4th quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of PayPal in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Price Performance

NASDAQ:PYPL traded up $0.01 during trading hours on Thursday, reaching $72.81. 3,352,345 shares of the company were exchanged, compared to its average volume of 11,220,121. The company has a market capitalization of $70.81 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50 day moving average of $66.55 and a 200 day moving average of $76.41.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research reports. Robert W. Baird increased their target price on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Seaport Res Ptn downgraded shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Canaccord Genuity Group restated a "buy" rating and set a $96.00 price objective on shares of PayPal in a research report on Wednesday, April 30th. Finally, Compass Point assumed coverage on shares of PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of "Hold" and a consensus price target of $83.29.

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.