USA Financial Formulas Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

USA Financial Formulas increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 98,000.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,563 shares of the credit services provider’s stock after purchasing an additional 22,540 shares during the quarter. PayPal makes up about 0.3% of USA Financial Formulas’ portfolio, making the stock its 19th biggest position. USA Financial Formulas’ holdings in PayPal were worth $1,761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Primecap Management Co. CA raised its holdings in shares of PayPal by 180.7% in 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 acquiring an additional 3,184,160 shares in the last quarter. Clearbridge Investments LLC raised its stake in PayPal by 28.1% in the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after buying an additional 1,866,925 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in PayPal by 31.1% during the 1st 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 acquiring an additional 687,940 shares in the last quarter. Swedbank AB bought a new position in shares of PayPal in the 1st quarter worth $42,297,000. Finally, Greenvale Capital LLP boosted its position in 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.

PayPal Stock Up 0.6 %

PYPL stock opened at $81.65 on Thursday. The company has a market cap of $85.41 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.41 and a beta of 1.44. The firm has a 50-day moving average of $71.78 and a two-hundred day moving average of $65.93. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PYPL. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Oppenheimer began coverage on shares of PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Sanford C. Bernstein upgraded PayPal from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $71.00 to $78.00 in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research report on Wednesday, September 18th. Sixteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.41.

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.