Bellecapital International Ltd. Acquires 2,852 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Bellecapital International Ltd. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,293 shares of the credit services provider’s stock after buying an additional 2,852 shares during the period. Bellecapital International Ltd.’s holdings in PayPal were worth $2,520,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in PayPal in the first quarter worth approximately $71,000. Wedmont Private Capital purchased a new position in shares of PayPal in the 1st quarter worth $224,000. Park Avenue Securities LLC increased its position in PayPal by 47.3% during the first quarter. Park Avenue Securities LLC now owns 19,306 shares of the credit services provider’s stock valued at $1,293,000 after acquiring an additional 6,203 shares during the last quarter. RFG Advisory LLC bought a new position in PayPal in the first quarter valued at about $367,000. Finally, International Assets Investment Management LLC boosted its position in PayPal by 10.9% in the first quarter. International Assets Investment Management LLC now owns 11,887 shares of the credit services provider’s stock worth $773,000 after purchasing an additional 1,171 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PYPL. JPMorgan Chase & Co. boosted their target price on shares of PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Macquarie raised their target price on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $75.00 to $80.00 in a report on Thursday, October 10th. BMO Capital Markets raised their price objective on PayPal from $72.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Finally, Stephens upped their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $78.03.

PayPal Stock Performance

NASDAQ PYPL traded down $0.67 on Monday, reaching $80.27. 2,934,142 shares of the company’s stock traded hands, compared to its average volume of 13,621,550. The stock has a 50 day moving average price of $74.16 and a 200-day moving average price of $66.63. The firm has a market cap of $83.97 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 1.47 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $82.00.

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, beating 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 during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal 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.