GAMMA Investing LLC Purchases 2,616 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

GAMMA Investing LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 37.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,652 shares of the credit services provider’s stock after purchasing an additional 2,616 shares during the period. GAMMA Investing LLC’s holdings in PayPal were worth $753,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PYPL. Primecap Management Co. CA lifted its position in shares of PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after purchasing an additional 3,184,160 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of PayPal by 31.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock valued at $194,262,000 after purchasing an additional 687,940 shares in the last quarter. Swedbank AB bought a new position in shares of PayPal during the first quarter valued at about $42,297,000. Finally, Greenvale Capital LLP lifted its position in shares of PayPal by 54.5% during the fourth quarter. Greenvale Capital LLP now owns 1,700,000 shares of the credit services provider’s stock valued at $104,397,000 after purchasing an additional 600,000 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PYPL. Macquarie raised their price objective on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Susquehanna raised their price objective on shares of PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a report on Wednesday, July 31st. Oppenheimer began coverage on shares of PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Finally, UBS Group raised their price objective on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Seventeen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $76.41.

PayPal Price Performance

PYPL stock opened at $81.16 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $81.40. The stock has a market cap of $84.90 billion, a PE ratio of 20.44, a P/E/G ratio of 1.41 and a beta of 1.44. The firm has a 50 day simple moving average of $71.11 and a two-hundred day simple moving average of $65.71.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

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.