Capital Performance Advisors LLP Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

by · The Cerbat Gem

Capital Performance Advisors LLP bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) during the third quarter, Holdings Channel.com reports. The fund bought 2,150 shares of the credit services provider’s stock, valued at approximately $168,000.

Other large investors have also recently bought and sold shares of the company. Philip James Wealth Mangement LLC acquired a new position in shares of PayPal during the third quarter valued at about $2,860,000. J.P. Marvel Investment Advisors LLC bought a new position in PayPal during the third quarter valued at about $1,170,000. ARK Investment Management LLC raised its holdings in PayPal by 30.7% in the 3rd quarter. ARK Investment Management LLC now owns 186,090 shares of the credit services provider’s stock valued at $14,521,000 after acquiring an additional 43,686 shares in the last quarter. Portside Wealth Group LLC grew its holdings in shares of PayPal by 16.5% during the 3rd quarter. Portside Wealth Group LLC now owns 4,698 shares of the credit services provider’s stock worth $367,000 after purchasing an additional 664 shares in the last quarter. Finally, JB Capital LLC increased its position in shares of PayPal by 3.0% during the third quarter. JB Capital LLC now owns 42,155 shares of the credit services provider’s stock valued at $3,289,000 after purchasing an additional 1,224 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Up 1.1 %

Shares of PYPL traded up $0.92 during trading hours on Friday, reaching $82.27. The stock had a trading volume of 1,576,207 shares, compared to its average volume of 13,517,021. The firm has a 50-day moving average of $77.00 and a 200 day moving average of $68.05. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $82.48 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.39 and a beta of 1.43. PayPal Holdings, Inc. has a 52 week low of $53.87 and a 52 week high of $83.70.

PayPal (NASDAQ:PYPL – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $0.97 earnings per share. PayPal’s revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PYPL. Oppenheimer began coverage on PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. BMO Capital Markets raised their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Mizuho upped their target price on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Finally, Morgan Stanley upped their price objective on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.45.

Read Our Latest Analysis on PYPL

About PayPal

(Free Report)

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.

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