Sather Financial Group Inc Purchases 76,895 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Sather Financial Group Inc raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 749,481 shares of the credit services provider's stock after buying an additional 76,895 shares during the quarter. PayPal makes up about 3.8% of Sather Financial Group Inc's investment portfolio, making the stock its 10th largest holding. Sather Financial Group Inc owned about 0.07% of PayPal worth $58,482,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. United Advisor Group LLC acquired a new stake in shares of PayPal in the third quarter valued at about $810,000. FCG Investment Co bought a new position in PayPal during the third quarter worth about $1,079,000. Weil Company Inc. raised its stake in shares of PayPal by 68.9% in the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider's stock valued at $3,253,000 after acquiring an additional 17,003 shares during the last quarter. Brown Financial Advisors bought a new position in shares of PayPal in the second quarter valued at approximately $1,454,000. Finally, Versor Investments LP increased its holdings in shares of PayPal by 115.9% in the third quarter. Versor Investments LP now owns 26,223 shares of the credit services provider's stock valued at $2,046,000 after purchasing an additional 14,079 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PYPL. Morgan Stanley boosted their price target on shares of PayPal from $71.00 to $76.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. BMO Capital Markets increased their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Oppenheimer started coverage on shares of PayPal in a research report on Tuesday, October 1st. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, Stephens upped their price target on shares of PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Fifteen 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.45.

PayPal Stock Performance

Shares of NASDAQ PYPL traded up $0.04 during mid-day trading on Friday, hitting $85.83. The company had a trading volume of 8,083,167 shares, compared to its average volume of 11,479,406. PayPal Holdings, Inc. has a 12 month low of $55.28 and a 12 month high of $87.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $86.05 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.53 and a beta of 1.43. The firm's 50 day simple moving average is $78.86 and its two-hundred day simple moving average is $69.02.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The company 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 for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current 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.