2,150 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Capital Performance Advisors LLP

Capital Performance Advisors LLP acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,150 shares of the credit services provider’s stock, valued at approximately $168,000.

Several other large investors also recently modified their holdings of PYPL. Primecap Management Co. CA lifted its position in shares of PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after buying an additional 1,866,925 shares during the period. International Assets Investment Management LLC raised its stake in PayPal by 9,864.9% during the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after acquiring an additional 1,108,030 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in PayPal by 139.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock valued at $120,492,000 after acquiring an additional 899,476 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of PayPal by 31.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock worth $194,262,000 after purchasing an additional 687,940 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 1.1 %

PYPL stock traded up $0.92 during mid-day trading on Friday, hitting $82.27. The stock had a trading volume of 1,576,207 shares, compared to its average volume of 13,517,021. The stock has a market capitalization of $82.48 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.39 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. PayPal Holdings, Inc. has a 1-year low of $53.87 and a 1-year high of $83.70. The company has a fifty day moving average of $77.00 and a 200 day moving average of $68.05.

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, beating 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 business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the firm earned $0.97 EPS. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several analyst reports. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Macquarie upped their target price on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price target on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. UBS Group upped their price objective 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, TD Cowen raised their target price on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Fifteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.45.

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.