Quantbot Technologies LP Acquires New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quantbot Technologies LP purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the second quarter, Holdings Channel reports. The fund purchased 62,759 shares of the credit services provider’s stock, valued at approximately $3,642,000.

A number of other institutional investors also recently added to or reduced their stakes in PYPL. Clearbridge Investments LLC raised its position in PayPal by 15.8% in the 1st quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after purchasing an additional 904,804 shares during the last quarter. First Trust Advisors LP lifted its holdings in PayPal by 1.7% in the 4th quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock valued at $225,283,000 after purchasing an additional 61,384 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of PayPal by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock worth $183,789,000 after acquiring an additional 409,322 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in PayPal by 5.1% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider’s stock worth $176,789,000 after purchasing an additional 146,643 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in PayPal by 11.9% during the 4th quarter. Hsbc Holdings PLC now owns 2,891,840 shares of the credit services provider’s stock worth $177,541,000 after purchasing an additional 306,613 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

PayPal stock opened at $71.07 on Tuesday. The stock’s 50 day simple moving average is $65.79 and its two-hundred day simple moving average is $64.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $72.66 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.00 and a beta of 1.43. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $74.40.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same period in the previous year, the business earned $0.83 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts expect that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. BMO Capital Markets lifted their target price on PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $69.00 price target on shares of PayPal in a research note on Monday, June 24th. William Blair raised PayPal to a “hold” rating in a research note on Tuesday, July 30th. Finally, Susquehanna raised their price objective on PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a research report on Wednesday, July 31st. Eighteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $75.56.

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.