Grandview Asset Management LLC Acquires Shares of 2,713 PayPal Holdings, Inc. (NASDAQ:PYPL)

Grandview Asset Management LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,713 shares of the credit services provider’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently bought and sold shares of PYPL. Wright Investors Service Inc. purchased a new position in shares of PayPal during the 3rd quarter valued at $839,000. Burns J W & Co. Inc. NY purchased a new position in shares of PayPal during the 3rd quarter valued at $211,000. Harbor Investment Advisory LLC lifted its position in shares of PayPal by 8.6% during the 3rd quarter. Harbor Investment Advisory LLC now owns 14,807 shares of the credit services provider’s stock valued at $1,155,000 after buying an additional 1,169 shares during the last quarter. Thrive Wealth Management LLC lifted its position in shares of PayPal by 7.6% during the 3rd quarter. Thrive Wealth Management LLC now owns 6,619 shares of the credit services provider’s stock valued at $516,000 after buying an additional 470 shares during the last quarter. Finally, LifePlan Financial LLC lifted its position in shares of PayPal by 6.7% during the 3rd quarter. LifePlan Financial LLC now owns 23,735 shares of the credit services provider’s stock valued at $1,852,000 after buying an additional 1,490 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PayPal stock traded up $2.05 during trading on Friday, hitting $79.36. 10,083,594 shares of the stock traded hands, compared to its average volume of 13,970,383. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $83.01 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.11 and a beta of 1.44. The firm’s fifty day moving average is $70.69 and its 200-day moving average is $65.60. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $80.63.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (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 for the quarter, compared to analyst estimates of $7.82 billion. During the same period last year, the company earned $0.83 EPS. PayPal’s revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. William Blair raised PayPal to a “hold” rating in a research report on Tuesday, July 30th. Macquarie upped their price target on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Monness Crespi & Hardt increased their price objective on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada reissued an “outperform” rating and set a $84.00 price objective on shares of PayPal in a report on Wednesday, July 31st. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $80.00 price objective on shares of PayPal in a report on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.41.

PayPal Company 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.