Telos Capital Management Inc. Takes $6.08 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Telos Capital Management Inc. purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 77,880 shares of the credit services provider’s stock, valued at approximately $6,077,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Primecap Management Co. CA lifted its holdings in shares of PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after acquiring an additional 3,184,160 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of PayPal by 31.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock valued at $194,262,000 after purchasing an additional 687,940 shares during the last quarter. Swedbank AB acquired a new position in shares of PayPal during the 1st quarter worth $42,297,000. Finally, Greenvale Capital LLP lifted its position in shares of PayPal by 24.4% during the 2nd quarter. Greenvale Capital LLP now owns 2,675,000 shares of the credit services provider’s stock worth $155,230,000 after buying an additional 525,000 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 0.5 %

PYPL stock opened at $80.56 on Tuesday. The firm has a market capitalization of $82.36 billion, a PE ratio of 19.51, a P/E/G ratio of 1.47 and a beta of 1.44. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $82.00. The stock’s 50 day moving average is $74.50 and its 200-day moving average is $66.74.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Stephens raised their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday. The Goldman Sachs Group lifted their target price on shares of PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Jefferies Financial Group dropped their price target on shares of PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $78.00 price objective on shares of PayPal in a research note on Wednesday, September 18th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.03.

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.