Cumberland Partners Ltd Acquires New Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Cumberland Partners Ltd acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,535 shares of the credit services provider’s stock, valued at approximately $1,368,000.

Other large investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its stake in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the period. Family Firm Inc. acquired a new stake in PayPal in the second quarter valued at about $29,000. SYSTM Wealth Solutions LLC boosted its stake in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. LRI Investments LLC acquired a new stake in PayPal in the first quarter valued at about $34,000. Finally, Tortoise Investment Management LLC raised its position in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

PYPL stock traded down $0.06 on Tuesday, hitting $86.88. The company had a trading volume of 2,316,255 shares, compared to its average volume of 13,504,736. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12-month low of $53.98 and a 12-month high of $87.92. The stock has a market cap of $87.10 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 1.48 and a beta of 1.43. The stock’s 50-day simple moving average is $77.67 and its 200 day simple moving average is $68.49.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on PYPL shares. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Wells Fargo & Company increased their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Finally, Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $68.00 to $72.00 in a research report on Friday, August 9th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.45.

PayPal Company 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.