PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 35,364 shares of the credit services provider’s stock after acquiring an additional 7,025 shares during the quarter. Edgestream Partners L.P.’s holdings in PayPal were worth $2,759,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Advisor Group LLC purchased a new position in PayPal in the 3rd quarter valued at $810,000. FCG Investment Co purchased a new position in PayPal in the 3rd quarter valued at $1,079,000. Equity Investment Corp lifted its holdings in PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares in the last quarter. Weil Company Inc. lifted its holdings in PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 17,003 shares in the last quarter. Finally, Brown Financial Advisors purchased a new position in PayPal in the 2nd quarter valued at $1,454,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $86.77 on Monday. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $88.74. The company has a market cap of $86.99 billion, a PE ratio of 20.71, a P/E/G ratio of 1.54 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. The business has a 50-day simple moving average of $81.69 and a 200-day simple moving average of $70.53.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $7.88 billion. During the same period in the prior year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on PYPL shares. Deutsche Bank Aktiengesellschaft raised their price objective on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Wells Fargo & Company lifted their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Susquehanna lifted their price target on PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. Finally, Monness Crespi & Hardt lifted their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Sixteen investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

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.