2,620 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Acquired by Sargent Investment Group LLC

Sargent Investment Group LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, HoldingsChannel reports. The fund acquired 2,620 shares of the credit services provider’s stock, valued at approximately $204,000.

A number of other institutional investors have also recently bought and sold shares of the business. Family Firm Inc. bought a new position in shares of PayPal in the 2nd quarter worth $29,000. SYSTM Wealth Solutions LLC lifted its stake in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the period. Tortoise Investment Management LLC boosted its holdings in PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after buying an additional 465 shares during the last quarter. Planning Capital Management Corp grew its position in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. Finally, LRI Investments LLC bought a new stake in shares of PayPal in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Down 1.7 %

Shares of PYPL opened at $85.79 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a 52-week low of $55.28 and a 52-week high of $87.92. The firm has a market cap of $86.01 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.56 and a beta of 1.43. The business’s fifty day moving average is $78.25 and its 200-day moving average is $68.76.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 earnings per share. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Analyst Ratings Changes

PYPL has been the subject of a number of analyst reports. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Jefferies Financial Group decreased their price target on shares of PayPal from $70.00 to $65.00 in a report on Monday, July 29th. JPMorgan Chase & Co. raised their price objective on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Monness Crespi & Hardt increased their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Fifteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.45.

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.