KPP Advisory Services LLC Purchases 1,314 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

KPP Advisory Services LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,821 shares of the credit services provider’s stock after purchasing an additional 1,314 shares during the period. KPP Advisory Services LLC’s holdings in PayPal were worth $338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in PayPal by 3.3% in the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after purchasing an additional 276,287 shares during the period. Clearbridge Investments LLC increased its stake in shares of PayPal by 15.8% in the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock worth $445,103,000 after purchasing an additional 904,804 shares in the last quarter. Primecap Management Co. CA increased its stake in shares of PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after purchasing an additional 3,184,160 shares in the last quarter. First Trust Advisors LP increased its stake in shares of PayPal by 1.7% in the fourth quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after purchasing an additional 61,384 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of PayPal by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock worth $183,789,000 after purchasing an additional 409,322 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 0.7 %

PayPal stock opened at $77.47 on Wednesday. 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. The company has a market cap of $81.04 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. The stock’s 50 day moving average price is $69.48 and its 200 day moving average price is $65.31.

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

Wall Street Analyst Weigh In

PYPL has been the subject of several recent research reports. William Blair upgraded shares of PayPal to a “hold” rating in a research note on Tuesday, July 30th. Citigroup boosted their price objective on shares of PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Evercore ISI boosted their price objective on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Barclays boosted their price objective on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Seventeen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.38.

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.