RPG Investment Advisory LLC Increases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

RPG Investment Advisory LLC raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,223 shares of the credit services provider’s stock after purchasing an additional 2,252 shares during the period. PayPal comprises 1.5% of RPG Investment Advisory LLC’s holdings, making the stock its 28th largest position. RPG Investment Advisory LLC’s holdings in PayPal were worth $10,161,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Primecap Management Co. CA lifted its position 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 lifted its position in PayPal by 28.1% during 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. International Assets Investment Management LLC lifted its position in PayPal by 9,864.9% during the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after buying an additional 1,108,030 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in PayPal by 139.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock worth $120,492,000 after buying an additional 899,476 shares in the last quarter. Finally, Swedbank AB purchased a new position in PayPal during the first quarter worth approximately $42,297,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Down 0.6 %

PYPL opened at $86.40 on Wednesday. The business has a 50 day moving average price of $77.67 and a two-hundred day moving average price of $68.49. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $86.62 billion, a PE ratio of 20.62, a P/E/G ratio of 1.55 and a beta of 1.43. PayPal Holdings, Inc. has a 52 week low of $53.98 and a 52 week high of $87.92.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Macquarie lifted their target price on PayPal from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, William Blair upgraded PayPal to a “hold” rating in a research report on Tuesday, July 30th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.45.

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.