PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 23.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 46,473 shares of the credit services provider’s stock after acquiring an additional 8,964 shares during the period. Vinva Investment Management Ltd’s holdings in PayPal were worth $3,619,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Planning Capital Management Corp lifted its holdings in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of PayPal during the second quarter valued at $29,000. SYSTM Wealth Solutions LLC lifted 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 purchasing an additional 167 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in PayPal in the 1st quarter worth about $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL stock opened at $86.57 on Friday. The stock’s fifty day simple moving average is $81.49 and its 200 day simple moving average is $70.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $86.79 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $88.74.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 EPS. On average, analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on PYPL. Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. increased 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. Canaccord Genuity Group increased their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their price objective on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Royal Bank of Canada upped their target price on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

About PayPal

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.