2 weeks Ago By Defense World Staff
Shellback Capital LP grew its holdings in PayPal Holdings, Inc. ( NASDAQ:PYPL – Free Report ) by 31.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 421,737 shares of the credit services provider’s stock after acquiring an additional 101,259 shares during the period. PayPal accounts for approximately 1.8% of Shellback Capital LP’s holdings, making the stock its 15th largest position.
Shellback Capital LP’s holdings in PayPal were worth $24,473,000 at the end of the most recent quarter. Several other large investors also recently added to or reduced their stakes in PYPL. SYSTM Wealth Solutions LLC boosted its holdings in PayPal by 50.
6% in the second 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 in the last quarter. Pittenger & Anderson Inc.
boosted its stake in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc.
now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. Verity Asset Management Inc. increased its holdings in shares of PayPal by 1.
9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after acquiring an additional 181 shares during the last quarter.
Indiana Trust & Investment Management CO raised its stake in shares of PayPal by 18.6% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after acquiring an additional 184 shares in the last quarter.
Finally, Checchi Capital Advisers LLC lifted its holdings in PayPal by 3.1% in the 2nd quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock worth $358,000 after purchasing an additional 184 shares during the last quarter.
68.32% of the stock is owned by institutional investors. Wall Street Analyst Weigh In Several equities analysts have commented on PYPL shares.
Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price target on shares of PayPal in a report on Wednesday, September 18th. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and raised their target price for the company from $68.
00 to $72.00 in a research note on Friday, August 9th. New Street Research assumed coverage on shares of PayPal in a report on Friday, May 31st.
They issued a “buy” rating and a $80.00 target price on the stock. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th.
Finally, BMO Capital Markets lifted their price objective on PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st.
Seventeen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average target price of $76.16.
PayPal Stock Performance NASDAQ PYPL opened at $80.08 on Friday. PayPal Holdings, Inc.
has a 1-year low of $50.25 and a 1-year high of $80.43.
The company has a 50 day moving average of $68.00 and a 200-day moving average of $64.82.
The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.
47. The firm has a market cap of $83.77 billion, a price-to-earnings ratio of 20.
17, a PEG ratio of 1.11 and a beta of 1.43.
PayPal ( NASDAQ:PYPL – Get Free Report ) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share 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 analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.
82% and a net margin of 14.30%. The business’s revenue was up 8.
2% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS.
On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.
PayPal Profile ( Free Report ) 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. Read More Five stocks we like better than PayPal Most Volatile Stocks, What Investors Need to Know REITs on the Rise After Rate Cuts: Where to Invest Now There Are Different Types of Stock To Invest In Is Viking Therapeutics Ready For Another Surge? How Investors Can Identify and Successfully Trade Gap-Down Stocks AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.
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