PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 632,760 shares of the credit services provider's stock after buying an additional 8,381 shares during the period. King Luther Capital Management Corp owned 0.06% of PayPal worth $49,374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Planning Capital Management Corp increased its holdings in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after buying an additional 268 shares during the last quarter. Financial Management Professionals Inc. boosted its position in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock valued at $34,000 after buying an additional 243 shares during the last quarter. Family Firm Inc. bought a new position in PayPal during the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC raised its position in shares of PayPal by 50.6% during the 2nd 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. Finally, LRI Investments LLC acquired a new stake in shares of PayPal during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Stock Up 0.8 %

Shares of NASDAQ PYPL opened at $84.74 on Thursday. The stock has a market cap of $84.96 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.50 and a beta of 1.43. The firm has a 50 day moving average price of $79.78 and a 200 day moving average price of $69.40. 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 Holdings, Inc. has a 52-week low of $55.28 and a 52-week high of $87.92.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price 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. Phillip Securities reiterated an "accumulate" rating and issued a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. BMO Capital Markets increased their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research note on Sunday, November 3rd. Finally, Daiwa America upgraded shares of PayPal from a "moderate buy" rating to a "strong-buy" rating in a research report on Friday, August 9th. Fifteen investment 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 stock currently has an average rating of "Moderate Buy" and an average target price of $83.45.

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.

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