Ashford Capital Management Inc. Takes $205,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ashford Capital Management Inc. acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 2,630 shares of the credit services provider’s stock, valued at approximately $205,000.

Other large investors have also modified their holdings of the company. United Advisor Group LLC bought a new stake in PayPal during the third quarter valued at about $810,000. World Investment Advisors LLC acquired a new position in shares of PayPal during the 3rd quarter worth about $387,435,000. FCG Investment Co acquired a new position in shares of PayPal during the 3rd quarter worth about $1,079,000. Equity Investment Corp boosted its stake in PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares during the period. Finally, Weil Company Inc. grew its holdings in PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after buying an additional 17,003 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Up 0.1 %

Shares of NASDAQ:PYPL opened at $90.00 on Tuesday. 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 firm has a market cap of $90.23 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.64 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company’s 50-day moving average price is $82.90 and its two-hundred day moving average price is $71.58.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results 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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. PayPal’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on PYPL shares. Macquarie upped their price target on PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Monness Crespi & Hardt upped their target price on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Susquehanna raised their price target on shares of PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a research report on Wednesday, October 30th. Oppenheimer assumed coverage on shares of PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $85.70.

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.