Capital Performance Advisors LLP Purchases 1,381 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Capital Performance Advisors LLP increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 64.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,531 shares of the credit services provider’s stock after acquiring an additional 1,381 shares during the period. Capital Performance Advisors LLP’s holdings in PayPal were worth $301,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PYPL. Global Retirement Partners LLC grew its holdings in shares of PayPal by 17.5% in the third quarter. Global Retirement Partners LLC now owns 8,285 shares of the credit services provider’s stock worth $646,000 after acquiring an additional 1,232 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of PayPal by 4.6% in the third quarter. Bleakley Financial Group LLC now owns 16,041 shares of the credit services provider’s stock worth $1,252,000 after acquiring an additional 704 shares during the period. Aaron Wealth Advisors LLC bought a new stake in shares of PayPal in the third quarter worth $367,000. Blue Trust Inc. grew its holdings in shares of PayPal by 126.5% in the third quarter. Blue Trust Inc. now owns 7,607 shares of the credit services provider’s stock worth $594,000 after acquiring an additional 4,249 shares during the period. Finally, First Citizens Bank & Trust Co. purchased a new position in PayPal during the third quarter valued at $265,000. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 1.8 %

Shares of NASDAQ PYPL opened at $77.97 on Monday. The stock has a market capitalization of $77.13 billion, a P/E ratio of 19.44, a PEG ratio of 1.29 and a beta of 1.44. The business’s 50 day moving average is $86.42 and its two-hundred day moving average is $80.25. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 earnings per share. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays lifted their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lifted their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their target price on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Robert W. Baird lowered their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Piper Sandler lifted their target price on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Thirteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $90.52.

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.