Compagnie Lombard Odier SCmA Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Compagnie Lombard Odier SCmA raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 33.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,815 shares of the credit services provider’s stock after purchasing an additional 2,222 shares during the period. Compagnie Lombard Odier SCmA’s holdings in PayPal were worth $688,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Shaker Investments LLC OH purchased a new stake in shares of PayPal in the third quarter valued at $2,163,000. CHICAGO TRUST Co NA purchased a new position in PayPal in the 3rd quarter valued at about $253,000. Exchange Traded Concepts LLC boosted its stake in shares of PayPal by 10.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 182,951 shares of the credit services provider’s stock worth $14,276,000 after purchasing an additional 17,290 shares during the last quarter. Carnegie Investment Counsel grew its holdings in shares of PayPal by 14.4% during the third quarter. Carnegie Investment Counsel now owns 219,889 shares of the credit services provider’s stock worth $17,158,000 after buying an additional 27,705 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after buying an additional 152 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

PYPL opened at $80.51 on Monday. The company has a market capitalization of $84.22 billion, a P/E ratio of 20.28, a PEG ratio of 1.49 and a beta of 1.44. The company has a 50-day moving average of $72.42 and a 200-day moving average of $66.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.00.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. PayPal’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Equities analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. William Blair raised shares of PayPal to a “hold” rating in a research note on Tuesday, July 30th. Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $68.00 to $72.00 in a research report on Friday, August 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $84.00 target price on shares of PayPal in a research report on Wednesday, July 31st. TD Cowen lifted their price target on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, UBS Group upped their price objective on shares of PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.71.

About PayPal

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.