Bleakley Financial Group LLC Has $1.25 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bleakley Financial Group LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,041 shares of the credit services provider’s stock after purchasing an additional 704 shares during the period. Bleakley Financial Group LLC’s holdings in PayPal were worth $1,252,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. acquired a new position in PayPal during the first quarter valued at approximately $71,000. Wedmont Private Capital bought a new stake in shares of PayPal in the first quarter worth $224,000. Park Avenue Securities LLC boosted its position in PayPal by 47.3% during the first quarter. Park Avenue Securities LLC now owns 19,306 shares of the credit services provider’s stock valued at $1,293,000 after acquiring an additional 6,203 shares during the last quarter. RFG Advisory LLC bought a new stake in PayPal during the first quarter valued at $367,000. Finally, International Assets Investment Management LLC boosted its position in PayPal by 10.9% during the first quarter. International Assets Investment Management LLC now owns 11,887 shares of the credit services provider’s stock valued at $773,000 after acquiring an additional 1,171 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

PayPal stock opened at $80.94 on Monday. The firm has a 50-day moving average price of $74.16 and a 200-day moving average price of $66.63. The firm has a market capitalization of $84.67 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44. 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 Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $82.00.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PYPL. Mizuho increased their price objective on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Stephens increased their price objective on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday. Susquehanna increased their target price on shares of PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research report on Wednesday, July 31st. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Oppenheimer initiated coverage on shares of PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Sixteen 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.03.

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.