Los Angeles Capital Management LLC Has $6.59 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Los Angeles Capital Management LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 242.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,476 shares of the credit services provider’s stock after buying an additional 59,830 shares during the quarter. Los Angeles Capital Management LLC’s holdings in PayPal were worth $6,592,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PYPL. Financial Management Professionals Inc. boosted its stake in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the period. Family Firm Inc. acquired a new stake in shares of PayPal in the second quarter worth $29,000. SYSTM Wealth Solutions LLC grew its holdings in shares of PayPal by 50.6% during 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 in the last quarter. LRI Investments LLC acquired a new position in PayPal during the first quarter valued at $34,000. Finally, Tortoise Investment Management LLC lifted its stake in PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Up 4.7 %

Shares of PayPal stock opened at $86.94 on Tuesday. PayPal Holdings, Inc. has a 1 year low of $53.98 and a 1 year high of $87.47. The company’s fifty day simple moving average is $77.37 and its 200-day simple moving average is $68.33. The company has a market cap of $87.16 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.48 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the business posted $0.97 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PYPL. Oppenheimer initiated coverage on PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $68.00 to $72.00 in a research note on Friday, August 9th. The Goldman Sachs Group upped their price target on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Mizuho lifted their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Fifteen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $83.45.

PayPal 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.