Lecap Asset Management Ltd. Purchases 13,640 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Lecap Asset Management Ltd. increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 236.1% during the third quarter, HoldingsChannel.com reports. The fund owned 19,416 shares of the credit services provider’s stock after acquiring an additional 13,640 shares during the period. Lecap Asset Management Ltd.’s holdings in PayPal were worth $1,515,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pittenger & Anderson Inc. grew its holdings in shares of PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Family Firm Inc. purchased a new position in PayPal in the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC raised its position in shares of PayPal by 50.6% during the 2nd 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. Register Financial Advisors LLC bought a new stake in shares of PayPal during the 1st quarter worth $30,000. Finally, Tortoise Investment Management LLC grew 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 worth $30,000 after acquiring an additional 465 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Down 0.1 %

Shares of PayPal stock opened at $80.83 on Thursday. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $82.24. The firm has a market cap of $82.63 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.47 and a beta of 1.44. The company has a 50-day moving average of $75.11 and a 200 day moving average of $66.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

PYPL has been the subject of several research analyst reports. Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $68.00 to $72.00 in a research note on Friday, August 9th. UBS Group upped their target price on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $84.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. Finally, Barclays lifted their target price on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.03.

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.