Mission Creek Capital Partners Inc. raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,357 shares of the credit services provider’s stock after purchasing an additional 157 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in PayPal were worth $735,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Intelligent Financial Strategies purchased a new position in shares of PayPal in the 4th quarter valued at approximately $37,000. Addison Advisors LLC lifted its holdings in shares of PayPal by 100.7% in the 1st quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock valued at $32,000 after buying an additional 140 shares during the period. Vectors Research Management LLC lifted its holdings in shares of PayPal by 116.5% in the 4th quarter. Vectors Research Management LLC now owns 301 shares of the credit services provider’s stock valued at $57,000 after buying an additional 162 shares during the period. Disciplined Investments LLC lifted its holdings in shares of PayPal by 82.9% in the 1st quarter. Disciplined Investments LLC now owns 311 shares of the credit services provider’s stock valued at $36,000 after buying an additional 141 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of PayPal in the 4th quarter valued at approximately $61,000. 70.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently commented on PYPL. UBS Group reduced their price target on PayPal from $143.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and raised their price target for the company from $85.00 to $116.00 in a report on Tuesday, August 16th. DA Davidson reduced their price objective on PayPal to $120.00 in a report on Tuesday, August 9th. JMP Securities lifted their price objective on PayPal from $100.00 to $120.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 3rd. Finally, Sumitomo Mitsui Financial Group raised PayPal from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $90.00 to $100.00 in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.93.
Insider Buying and Selling at PayPal
PayPal Price Performance
PYPL stock opened at $96.17 on Friday. The stock has a 50-day moving average price of $87.45 and a two-hundred day moving average price of $91.28. PayPal Holdings, Inc. has a 12-month low of $67.58 and a 12-month high of $289.37. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.52. The company has a market cap of $111.22 billion, a PE ratio of 55.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.45.
PayPal (NASDAQ:PYPL – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The credit services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.11. PayPal had a return on equity of 16.79% and a net margin of 7.79%. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.76 billion. As a group, research analysts predict that PayPal Holdings, Inc. will post 2.86 EPS for the current year.
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
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