Maverick Capital Ltd. boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 180.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,426 shares of the credit services provider's stock after acquiring an additional 22,800 shares during the period. Maverick Capital Ltd.'s holdings in PayPal were worth $2,764,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in PayPal in the second quarter valued at $29,000. SYSTM Wealth Solutions LLC boosted its holdings in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 465 shares in the last quarter. Planning Capital Management Corp boosted its holdings in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of PayPal during the 1st quarter valued at $34,000. Institutional investors own 68.32% of the company's stock.
PayPal Price Performance
NASDAQ PYPL opened at $86.77 on Friday. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $88.74. The stock has a market cap of $86.99 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 1.54 and a beta of 1.43. The company's 50 day moving average is $81.69 and its two-hundred day moving average is $70.45. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.
PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.88 billion. During the same quarter last year, the business earned $0.97 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on PYPL. Robert W. Baird boosted their target price on shares of PayPal from $80.00 to $91.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Daiwa America upgraded shares of PayPal from a "moderate buy" rating to a "strong-buy" rating in a report on Friday, August 9th. Sanford C. Bernstein cut shares of PayPal from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Finally, Needham & Company LLC restated a "hold" rating on shares of PayPal in a report on Wednesday, October 30th. Sixteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PayPal presently has an average rating of "Moderate Buy" and a consensus target price of $83.60.
View Our Latest Report on PayPal
About PayPal
(
Free Report)
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.
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