PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Lifted by Versant Capital Management Inc

Versant Capital Management Inc increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 37.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,509 shares of the credit services provider’s stock after acquiring an additional 409 shares during the period. Versant Capital Management Inc’s holdings in PayPal were worth $129,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Principal Financial Group Inc. raised its holdings in shares of PayPal by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,182,316 shares of the credit services provider’s stock worth $92,256,000 after purchasing an additional 24,193 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in PayPal in the third quarter worth approximately $53,586,000. 1ST Source Bank lifted its position in shares of PayPal by 2.5% during the 3rd quarter. 1ST Source Bank now owns 15,975 shares of the credit services provider’s stock valued at $1,247,000 after acquiring an additional 391 shares during the last quarter. Copley Financial Group Inc. acquired a new stake in shares of PayPal during the 3rd quarter valued at $249,000. Finally, Franklin Resources Inc. grew its holdings in shares of PayPal by 120.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock worth $125,461,000 after acquiring an additional 849,311 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PYPL. Barclays upped their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Susquehanna raised their target price on shares of PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $88.42.

PayPal Trading Up 1.6 %

Shares of PYPL stock opened at $87.60 on Friday. The business’s 50 day moving average is $85.76 and its two-hundred day moving average is $74.53. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a market cap of $87.82 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the firm posted $0.97 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current 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.