Lafayette Investments Inc. Purchases 1,153 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

by · The Cerbat Gem

Lafayette Investments Inc. grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,845 shares of the credit services provider’s stock after purchasing an additional 1,153 shares during the quarter. Lafayette Investments Inc.’s holdings in PayPal were worth $4,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Impact Partnership Wealth LLC bought a new stake in PayPal in the 3rd quarter valued at about $775,000. Boyd Watterson Asset Management LLC OH boosted its stake in PayPal by 292.1% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 21,035 shares of the credit services provider’s stock worth $1,641,000 after purchasing an additional 15,670 shares during the period. Hoertkorn Richard Charles grew its holdings in PayPal by 11.6% during the 3rd quarter. Hoertkorn Richard Charles now owns 56,884 shares of the credit services provider’s stock valued at $4,439,000 after buying an additional 5,915 shares in the last quarter. Romano Brothers AND Company grew its stake in PayPal by 11.4% during the third quarter. Romano Brothers AND Company now owns 66,479 shares of the credit services provider’s stock valued at $5,187,000 after acquiring an additional 6,813 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after acquiring an additional 1,108,030 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on PYPL. Mizuho boosted their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. William Blair upgraded shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $78.00 price target on shares of PayPal in a report on Wednesday, September 18th. JPMorgan Chase & Co. lifted their price objective on shares of PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, UBS Group raised their price target on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $78.03.

Read Our Latest Stock Analysis on PYPL

PayPal Stock Up 1.6 %

Shares of PYPL stock traded up $1.33 during mid-day trading on Thursday, hitting $82.16. 1,489,198 shares of the stock traded hands, compared to its average volume of 13,526,129. The stock’s fifty day moving average is $75.11 and its two-hundred day moving average is $66.95. 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 52-week low of $50.25 and a 52-week high of $82.24. The stock has a market cap of $83.99 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.47 and a beta of 1.44.

PayPal (NASDAQ:PYPL – Get Free Report) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.82 billion. During the same period last year, the firm earned $0.83 earnings per share. PayPal’s revenue was up 8.2% compared to the same quarter last year. Equities analysts predict that PayPal Holdings, Inc. will post 4.44 EPS for the current year.

About PayPal

(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.

See Also

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