PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Wedmont Private Capital

Wedmont Private Capital raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 39.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,474 shares of the credit services provider’s stock after buying an additional 1,535 shares during the period. Wedmont Private Capital’s holdings in PayPal were worth $439,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Quarry LP raised its position in shares of PayPal by 310.8% in the fourth quarter. Quarry LP now owns 1,220 shares of the credit services provider’s stock valued at $75,000 after buying an additional 923 shares during the last quarter. GLOBALT Investments LLC GA purchased a new position in PayPal in the 4th quarter worth approximately $438,000. WNY Asset Management LLC boosted its holdings in shares of PayPal by 13.0% during the 4th quarter. WNY Asset Management LLC now owns 6,840 shares of the credit services provider’s stock worth $420,000 after purchasing an additional 788 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of PayPal in the fourth quarter valued at approximately $147,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $220,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Up 1.9 %

PayPal stock opened at $80.51 on Friday. The stock’s fifty day moving average is $72.42 and its two-hundred day moving average is $66.12. The stock has a market cap of $84.22 billion, a PE ratio of 20.28, a P/E/G ratio of 1.49 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.00. 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 (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $84.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. Susquehanna upped their price objective on shares of PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a report on Wednesday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $69.00 target price on shares of PayPal in a research note on Thursday, September 19th. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Monness Crespi & Hardt lifted their price target on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Seventeen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $76.47.

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.