Sargent Investment Group LLC Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sargent Investment Group LLC purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,620 shares of the credit services provider’s stock, valued at approximately $204,000.

Several other large investors also recently made changes to their positions in the stock. Primecap Management Co. CA raised its holdings in PayPal by 180.7% in 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 grew its position in shares of PayPal by 28.1% in the second 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 during the last quarter. International Assets Investment Management LLC increased its stake in shares of PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after purchasing an additional 1,108,030 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of PayPal by 139.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock worth $120,492,000 after purchasing an additional 899,476 shares during the last quarter. Finally, Swedbank AB bought a new stake in PayPal during the 1st quarter valued at approximately $42,297,000. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

PYPL has been the topic of several recent 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 report on Friday, August 9th. The Goldman Sachs Group boosted their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Susquehanna increased their price target on shares of PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on shares of PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Phillip Securities reiterated an “accumulate” rating and issued a $90.00 target price (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Fifteen equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Stock Down 1.7 %

Shares of NASDAQ PYPL opened at $85.79 on Friday. PayPal Holdings, Inc. has a 12-month low of $55.28 and a 12-month high of $87.92. The firm’s 50-day simple moving average is $78.25 and its 200 day simple moving average is $68.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $86.01 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company 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%. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. On average, research analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

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.