PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 384,363 shares of the credit services provider’s stock after acquiring an additional 3,360 shares during the period. Asset Management One Co. Ltd.’s holdings in PayPal were worth $29,992,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Family Firm Inc. acquired a new position in shares of PayPal during the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC raised its position in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Tortoise Investment Management LLC raised its position in shares of PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 465 shares during the last quarter. CarsonAllaria Wealth Management Ltd. raised its position in shares of PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 185 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of PayPal during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Up 1.1 %

NASDAQ PYPL opened at $78.13 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $78.33 billion, a PE ratio of 18.65, a P/E/G ratio of 1.38 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $53.55 and a one year high of $83.70. The firm’s fifty day moving average is $76.63 and its two-hundred day moving average is $67.83.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PYPL shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 price objective on shares of PayPal in a research note on Wednesday, September 18th. Stephens raised their price target on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Canaccord Genuity Group lifted their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group dropped their target price on shares of PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Finally, Susquehanna lifted their target price on shares of PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

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.