2,975 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Acquired by Wharton Business Group LLC

Wharton Business Group LLC purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,975 shares of the credit services provider’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC raised its position in shares of PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. Primecap Management Co. CA raised its position in shares of PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after acquiring an additional 3,184,160 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after acquiring an additional 1,866,925 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after acquiring an additional 1,108,030 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of PayPal by 139.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock valued at $120,492,000 after acquiring an additional 899,476 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PYPL. Macquarie upped their price target on PayPal from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Robert W. Baird upped their price objective on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays upped their price objective on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, UBS Group upped their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $86.19 on Monday. 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 $86.41 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.53 and a beta of 1.43. The business’s 50-day simple moving average is $78.86 and its 200-day simple moving average is $69.04. PayPal Holdings, Inc. has a 52 week low of $55.28 and a 52 week high of $87.92.

PayPal (NASDAQ:PYPL) last issued 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 business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share 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.