PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Twenty Acre Capital LP

Twenty Acre Capital LP lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 23.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 90,700 shares of the credit services provider’s stock after selling 27,400 shares during the quarter. PayPal comprises about 6.2% of Twenty Acre Capital LP’s holdings, making the stock its 5th biggest position. Twenty Acre Capital LP’s holdings in PayPal were worth $7,077,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PYPL. Bruce G. Allen Investments LLC lifted its stake in PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after buying an additional 124 shares in the last quarter. First United Bank & Trust increased its position in shares of PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares in the last quarter. Ritholtz Wealth Management raised its stake in PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its stake in 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. Finally, First Bank & Trust raised its position in shares of PayPal by 4.4% in the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research reports. Wells Fargo & Company upped their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. UBS Group raised their target price on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer began coverage on shares of PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Sixteen research 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 company. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

PayPal Stock Up 0.2 %

Shares of NASDAQ PYPL opened at $86.77 on Friday. The firm’s 50 day moving average price is $81.69 and its 200 day moving average price is $70.45. 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 firm has a market cap of $86.99 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $88.74.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current 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.