Fidelis Capital Partners LLC Purchases 295 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Fidelis Capital Partners LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 5,107 shares of the credit services provider’s stock after acquiring an additional 295 shares during the period. Fidelis Capital Partners LLC’s holdings in PayPal were worth $413,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Bruce G. Allen Investments LLC lifted its stake in PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 124 shares in the last quarter. First United Bank & Trust increased its position in shares of PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 145 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC increased its position in shares of 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 purchasing an additional 167 shares during the last quarter. Finally, First Bank & Trust increased its position in shares of PayPal by 4.4% during the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after purchasing an additional 171 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

Shares of PayPal stock opened at $78.22 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The business’s 50 day simple moving average is $76.24 and its two-hundred day simple moving average is $67.48. The stock has a market capitalization of $81.82 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $50.80 and a one year high of $83.70.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.12. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. Analysts forecast that PayPal Holdings, Inc. will post 4.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Wednesday. Jefferies Financial Group decreased their price objective on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Susquehanna lifted their price objective on PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a report on Wednesday. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price objective on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Seventeen research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average price target of $82.03.

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.