Aviance Capital Partners LLC Invests $522,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Aviance Capital Partners LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,694 shares of the credit services provider’s stock, valued at approximately $522,000.

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

PayPal Price Performance

PYPL stock opened at $84.09 on Wednesday. The firm has a market cap of $84.30 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43. 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 1 year low of $55.28 and a 1 year high of $87.92. The stock has a 50-day simple moving average of $79.47 and a 200-day simple moving average of $69.29.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.97 earnings per share. On average, equities analysts predict that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several recent research reports. Stephens raised their target price on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Macquarie lifted their price objective on PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. TD Cowen boosted their price target on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.