26,817 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Udine Wealth Management Inc.

Udine Wealth Management Inc. acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 26,817 shares of the credit services provider’s stock, valued at approximately $2,093,000. PayPal comprises about 1.5% of Udine Wealth Management Inc.’s holdings, making the stock its 16th largest holding.

Several other institutional investors also recently bought and sold shares of PYPL. Primecap Management Co. CA boosted its holdings in shares of PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after purchasing an additional 1,866,925 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of 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 worth $194,262,000 after purchasing an additional 687,940 shares during the last quarter. Swedbank AB acquired a new position in shares of PayPal during the 1st quarter worth approximately $42,297,000. Finally, Greenvale Capital LLP boosted its holdings in shares of PayPal by 54.5% during the 4th quarter. Greenvale Capital LLP now owns 1,700,000 shares of the credit services provider’s stock worth $104,397,000 after purchasing an additional 600,000 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PayPal stock opened at $81.16 on Wednesday. The stock has a market capitalization of $84.90 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.41 and a beta of 1.44. The firm’s fifty day simple moving average is $71.11 and its 200-day simple moving average is $65.71. 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 12 month low of $50.25 and a 12 month high of $81.40.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS 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 for the quarter, compared to analyst estimates of $7.82 billion. During the same period in the previous year, the business posted $0.83 earnings per share. PayPal’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PYPL shares. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $68.00 to $72.00 in a report on Friday, August 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $69.00 price target on shares of PayPal in a research report on Thursday, September 19th. TD Cowen lifted their price target on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. BMO Capital Markets lifted their price target on shares of PayPal from $72.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Finally, Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Seventeen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average target price of $76.41.

PayPal 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.