Autumn Glory Partners LLC Invests $341,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Autumn Glory Partners LLC acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,000 shares of the credit services provider’s stock, valued at approximately $341,000.

Several other large investors have also recently modified their holdings of the stock. FMR LLC increased its holdings in shares of PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after buying an additional 7,767,072 shares during the period. Mizuho Securities USA LLC increased its holdings in shares of PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after buying an additional 10,419,351 shares during the period. Primecap Management Co. CA increased its holdings in shares of PayPal by 21.6% in the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after buying an additional 1,069,356 shares during the period. World Investment Advisors LLC purchased a new position in shares of PayPal in the third quarter worth about $387,435,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after purchasing an additional 2,689,162 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PYPL shares. Citigroup boosted their price target on PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. The Goldman Sachs Group boosted their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price target on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Thirteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $90.52.

PayPal Stock Performance

PYPL stock opened at $77.97 on Friday. The stock has a market capitalization of $77.13 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $86.66 and its 200 day simple moving average is $80.01.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 EPS. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.