12,626 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,626 shares of the credit services provider’s stock, valued at approximately $733,000.

Several other institutional investors have also recently bought and sold shares of the business. Gryphon Financial Partners LLC boosted its stake in PayPal by 36.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock valued at $593,000 after purchasing an additional 2,569 shares during the last quarter. TD Asset Management Inc boosted its position in shares of PayPal by 36.2% during the fourth quarter. TD Asset Management Inc now owns 649,999 shares of the credit services provider’s stock valued at $39,916,000 after buying an additional 172,786 shares during the last quarter. J. W. Coons Advisors LLC boosted its position in shares of PayPal by 8.0% during the fourth quarter. J. W. Coons Advisors LLC now owns 5,423 shares of the credit services provider’s stock valued at $333,000 after buying an additional 400 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in PayPal by 26.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,837 shares of the credit services provider’s stock worth $604,000 after buying an additional 2,040 shares in the last quarter. Finally, Alberta Investment Management Corp raised its position in PayPal by 30.2% in the 4th quarter. Alberta Investment Management Corp now owns 38,800 shares of the credit services provider’s stock valued at $2,383,000 after buying an additional 9,000 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on PYPL. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 price objective on shares of PayPal in a report on Wednesday, September 18th. BMO Capital Markets upped their price objective on shares of PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $84.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. Sanford C. Bernstein upgraded PayPal from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $71.00 to $78.00 in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Seventeen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $76.38.

PayPal Stock Performance

NASDAQ PYPL opened at $77.88 on Friday. The company’s 50 day simple moving average is $68.78 and its two-hundred day simple moving average is $65.09. The stock has a market capitalization of $79.62 billion, a PE ratio of 19.62, a P/E/G ratio of 1.12 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $80.63.

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

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.