World Investment Advisors LLC Takes $5.30 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

World Investment Advisors LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 67,871 shares of the credit services provider’s stock, valued at approximately $5,296,000.

A number of other institutional investors have also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the third quarter worth approximately $26,000. Family Firm Inc. bought a new stake in PayPal in the second quarter worth approximately $29,000. SYSTM Wealth Solutions LLC increased its stake 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 worth $29,000 after purchasing an additional 167 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of PayPal by 930.0% during the 2nd 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 in the last quarter. Finally, Planning Capital Management Corp lifted its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 1.5 %

NASDAQ PYPL opened at $89.40 on Friday. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $83.40 and its two-hundred day moving average is $71.90. The company has a market capitalization of $89.63 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PYPL shares. StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Keefe, Bruyette & Woods raised their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday. The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Stephens lifted their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Sixteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $86.07.

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.