Regatta Capital Group LLC Makes New $304,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Regatta Capital Group LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 3rd quarter, Holdings Channel.com reports. The firm bought 3,900 shares of the credit services provider’s stock, valued at approximately $304,000.

Other large investors have also recently made changes to their positions in the company. Prospect Financial Services LLC lifted its stake in PayPal by 4.0% in the third quarter. Prospect Financial Services LLC now owns 70,813 shares of the credit services provider’s stock valued at $5,526,000 after buying an additional 2,719 shares during the last quarter. Swedbank AB increased its holdings in shares of PayPal by 9.8% in the 3rd quarter. Swedbank AB now owns 695,283 shares of the credit services provider’s stock valued at $54,253,000 after acquiring an additional 62,060 shares during the period. CX Institutional raised its position in PayPal by 47.1% in the 3rd quarter. CX Institutional now owns 7,385 shares of the credit services provider’s stock valued at $576,000 after purchasing an additional 2,366 shares during the last quarter. Harrington Investments INC boosted its stake in PayPal by 3.2% during the 3rd quarter. Harrington Investments INC now owns 31,304 shares of the credit services provider’s stock worth $2,443,000 after purchasing an additional 960 shares during the period. Finally, Fiduciary Alliance LLC grew its position in PayPal by 21.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 88,550 shares of the credit services provider’s stock worth $6,910,000 after purchasing an additional 15,667 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL opened at $79.55 on Wednesday. The company has a 50-day moving average of $73.16 and a two-hundred day moving average of $66.30. The stock has a market cap of $83.21 billion, a P/E ratio of 20.04, a PEG ratio of 1.49 and a beta of 1.44. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $82.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data 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. The firm had revenue of $7.89 billion during 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%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Ratings Changes

PYPL has been the subject of several recent research reports. BMO Capital Markets increased their target price on shares of PayPal from $72.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Canaccord Genuity Group reiterated a “buy” rating and issued a $80.00 target price on shares of PayPal in a research note on Wednesday, July 31st. Jefferies Financial Group cut their price target on PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. William Blair upgraded shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company upped their price objective on shares of PayPal from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Seventeen equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $77.35.

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.