Wynn Capital LLC Acquires 910 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

by · The Cerbat Gem

Wynn Capital LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 8.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,385 shares of the credit services provider’s stock after purchasing an additional 910 shares during the quarter. Wynn Capital LLC’s holdings in PayPal were worth $888,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PYPL. Brown Financial Advisors acquired a new position in PayPal during the 2nd quarter valued at approximately $1,454,000. Cape Cod Five Cents Savings Bank acquired a new stake in shares of PayPal in the second quarter valued at about $3,014,000. Distillate Capital Partners LLC increased its stake in PayPal by 156,934.7% during the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after buying an additional 343,687 shares in the last quarter. Fiduciary Alliance LLC lifted its stake in shares of PayPal by 604.7% in the first quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock worth $3,452,000 after buying an additional 45,544 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in PayPal by 44.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock worth $83,000 after purchasing an additional 381 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PYPL. Canaccord Genuity Group reissued a “buy” rating and issued a $80.00 target price on shares of PayPal in a research report on Wednesday, July 31st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $69.00 target price on shares of PayPal in a report on Thursday, September 19th. Evercore ISI boosted their price target on shares of PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $68.00 to $72.00 in a report on Friday, August 9th. Finally, Macquarie boosted their price target on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Seventeen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.47.

View Our Latest Research Report on PYPL

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $80.51 on Friday. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.00. The company has a market cap of $82.31 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The company has a 50-day simple moving average of $72.42 and a 200-day simple moving average of $66.13. 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 (NASDAQ:PYPL – Get Free Report) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

PayPal Company Profile

(Free Report)

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.

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