Pegasus Partners Ltd. Has $363,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Pegasus Partners Ltd. lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,654 shares of the credit services provider’s stock after purchasing an additional 1,062 shares during the quarter. Pegasus Partners Ltd.’s holdings in PayPal were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PYPL. Bruce G. Allen Investments LLC increased its position in shares of PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 124 shares in the last quarter. First United Bank & Trust boosted its stake in PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares during the period. Ritholtz Wealth Management boosted its stake in PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 152 shares during the period. SYSTM Wealth Solutions LLC grew its position in 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 in the last quarter. Finally, First Bank & Trust raised its stake in PayPal by 4.4% during the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the topic of a number of research analyst reports. Stephens lifted their price target on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. TD Cowen increased their price target on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. UBS Group boosted their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their target price on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Fifteen equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Price Performance

Shares of PayPal stock opened at $83.01 on Friday. The firm has a fifty day moving average price of $77.37 and a two-hundred day moving average price of $68.28. PayPal Holdings, Inc. has a fifty-two week low of $53.87 and a fifty-two week high of $83.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $83.22 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 4.56 EPS 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.