Seizert Capital Partners LLC Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Seizert Capital Partners LLC purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 440,518 shares of the credit services provider's stock, valued at approximately $34,374,000. PayPal accounts for about 1.6% of Seizert Capital Partners LLC's portfolio, making the stock its 29th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Family Firm Inc. purchased a new stake in shares of PayPal in the 2nd quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC grew its holdings 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 worth $29,000 after purchasing an additional 167 shares during the period. Tortoise Investment Management LLC raised its holdings in PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider's stock valued at $30,000 after buying an additional 465 shares during the period. Planning Capital Management Corp boosted its stake in PayPal by 186.1% during the third 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 period. Finally, LRI Investments LLC purchased a new stake in PayPal in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Price Performance

PayPal stock traded up $0.04 during midday trading on Friday, reaching $85.83. The company's stock had a trading volume of 8,083,167 shares, compared to its average volume of 11,479,406. 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 fifty-two week low of $55.28 and a fifty-two week high of $87.92. The firm has a market capitalization of $86.05 billion, a PE ratio of 20.48, a P/E/G ratio of 1.53 and a beta of 1.43. The stock's 50 day simple moving average is $78.86 and its 200 day simple moving average is $69.02.

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, topping analysts' consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.88 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. The company's revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PYPL shares. William Blair raised shares of PayPal to a "hold" rating in a research note on Tuesday, July 30th. Barclays boosted their target price on PayPal from $85.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. TD Cowen increased their price target on PayPal from $68.00 to $70.00 and gave the company a "hold" rating in a research report on Wednesday, July 31st. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $78.00 target price on shares of PayPal in a report on Wednesday, September 18th. Fifteen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and an average target price of $83.45.

About PayPal

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.