Aljian Capital Management LLC Makes New $572,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Aljian Capital Management LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,335 shares of the credit services provider’s stock, valued at approximately $572,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in shares of PayPal during the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC increased its stake in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the last quarter. Tortoise Investment Management LLC raised its stake in PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares during the period. Planning Capital Management Corp raised its position in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the period. Finally, LRI Investments LLC bought a new stake in PayPal in the first quarter valued at $34,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PYPL. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen raised their price objective on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. BMO Capital Markets lifted their target price on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their target price on PayPal from $79.00 to $87.00 and gave the company 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 company. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Stock Up 0.0 %

Shares of PYPL opened at $85.83 on Monday. The company has a 50-day simple moving average of $78.86 and a 200-day simple moving average of $69.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a 52 week low of $55.28 and a 52 week high of $87.92. The firm has a market capitalization of $86.05 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.53 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. On average, equities research analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

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.