PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by NS Partners Ltd

NS Partners Ltd increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 17.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 198,729 shares of the credit services provider's stock after acquiring an additional 28,986 shares during the period. NS Partners Ltd's holdings in PayPal were worth $15,507,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. United Advisor Group LLC bought a new stake in PayPal in the third quarter valued at approximately $810,000. FCG Investment Co purchased a new stake in PayPal in the third quarter valued at approximately $1,079,000. Equity Investment Corp raised its stake in PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock worth $155,927,000 after buying an additional 67,497 shares in the last quarter. Weil Company Inc. raised its position in PayPal by 68.9% in the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider's stock worth $3,253,000 after acquiring an additional 17,003 shares during the period. Finally, Brown Financial Advisors bought a new position in shares of PayPal during the 2nd quarter valued at approximately $1,454,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on PYPL. Oppenheimer initiated coverage on shares of PayPal in a research report on Tuesday, October 1st. They set a "market perform" rating on the stock. TD Cowen increased their target price on shares of PayPal from $68.00 to $70.00 and gave the stock a "hold" rating in a report on Wednesday, July 31st. Stephens boosted their target price on PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Royal Bank of Canada lifted their target price on PayPal from $84.00 to $89.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and an average target price of $83.45.

PayPal Stock Up 0.8 %

Shares of PYPL traded up $0.65 during trading hours on Wednesday, hitting $84.74. 5,995,415 shares of the company were exchanged, compared to its average volume of 13,420,694. The company has a market cap of $84.96 billion, a PE ratio of 20.20, a PEG ratio of 1.53 and a beta of 1.43. The firm's 50 day moving average is $79.47 and its 200-day moving average is $69.29. PayPal Holdings, Inc. has a 52 week low of $55.28 and a 52 week high of $87.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.56 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.