PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Evergreen Capital Management LLC

Evergreen Capital Management LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,388 shares of the credit services provider’s stock after purchasing an additional 2,399 shares during the period. Evergreen Capital Management LLC’s holdings in PayPal were worth $8,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in shares of PayPal by 49.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 46,228 shares of the credit services provider’s stock valued at $2,683,000 after acquiring an additional 15,316 shares during the last quarter. Delap Wealth Advisory LLC boosted its holdings in PayPal by 18.5% in the second quarter. Delap Wealth Advisory LLC now owns 7,660 shares of the credit services provider’s stock valued at $445,000 after purchasing an additional 1,198 shares in the last quarter. Gabelli Funds LLC increased its stake in PayPal by 10.1% in the second quarter. Gabelli Funds LLC now owns 36,310 shares of the credit services provider’s stock valued at $2,107,000 after purchasing an additional 3,320 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in PayPal by 20,552.6% during the second quarter. Frank Rimerman Advisors LLC now owns 11,772 shares of the credit services provider’s stock worth $683,000 after purchasing an additional 11,715 shares in the last quarter. Finally, Profund Advisors LLC lifted its position in shares of PayPal by 4.2% during the 2nd quarter. Profund Advisors LLC now owns 146,223 shares of the credit services provider’s stock worth $8,485,000 after buying an additional 5,890 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PYPL shares. William Blair upgraded PayPal to a “hold” rating in a research report on Tuesday, July 30th. Susquehanna lifted their target price on shares of PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a report on Wednesday, July 31st. Sanford C. Bernstein upgraded shares of PayPal from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $71.00 to $78.00 in a research note on Wednesday, July 31st. Barclays lifted their price objective on shares of PayPal from $81.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Seventeen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $75.58.

PayPal Stock Performance

Shares of PYPL opened at $76.76 on Monday. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $78.25. The stock has a market cap of $80.29 billion, a P/E ratio of 19.34, a PEG ratio of 1.01 and a beta of 1.43. 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 company has a 50-day moving average of $67.01 and a two-hundred day moving average of $64.46.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. PayPal’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

PayPal Company 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.