Cape Cod Five Cents Savings Bank Purchases New Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Cape Cod Five Cents Savings Bank acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 51,940 shares of the credit services provider's stock, valued at approximately $3,014,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gryphon Financial Partners LLC grew its stake in PayPal by 36.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider's stock worth $593,000 after acquiring an additional 2,569 shares during the period. TD Asset Management Inc boosted its stake in PayPal by 36.2% in the 4th quarter. TD Asset Management Inc now owns 649,999 shares of the credit services provider's stock worth $39,916,000 after buying an additional 172,786 shares during the last quarter. J. W. Coons Advisors LLC grew its holdings in PayPal by 8.0% in the 4th quarter. J. W. Coons Advisors LLC now owns 5,423 shares of the credit services provider's stock valued at $333,000 after buying an additional 400 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of PayPal by 26.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,837 shares of the credit services provider's stock valued at $604,000 after purchasing an additional 2,040 shares during the last quarter. Finally, Alberta Investment Management Corp grew its position in PayPal by 30.2% during the fourth quarter. Alberta Investment Management Corp now owns 38,800 shares of the credit services provider's stock valued at $2,383,000 after acquiring an additional 9,000 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of research analyst reports. Susquehanna increased their target price on shares of PayPal from $71.00 to $83.00 and gave the stock a "positive" rating in a research report on Wednesday, July 31st. Jefferies Financial Group decreased their price target on shares of PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Robert W. Baird boosted their price objective on PayPal from $77.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Royal Bank of Canada reissued an "outperform" rating and set a $84.00 price target on shares of PayPal in a research report on Wednesday, July 31st. Finally, Evercore ISI increased their price objective on shares of PayPal from $65.00 to $70.00 and gave the company an "in-line" rating in a research report on Tuesday, June 25th. Seventeen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $76.38.

PayPal Stock Performance

PYPL stock traded down $2.20 during trading on Friday, reaching $77.88. 11,575,282 shares of the company's stock were exchanged, compared to its average volume of 11,399,362. The firm has a market cap of $79.62 billion, a PE ratio of 19.62, a P/E/G ratio of 1.12 and a beta of 1.43. 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 1-year low of $50.25 and a 1-year high of $80.63. The company's fifty day moving average price is $68.78 and its 200-day moving average price is $65.09.

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

PayPal Profile

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.