Quantinno Capital Management LP Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quantinno Capital Management LP increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,626 shares of the credit services provider’s stock after acquiring an additional 7,016 shares during the period. Quantinno Capital Management LP’s holdings in PayPal were worth $6,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Family Firm Inc. purchased a new position in shares of PayPal during the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC boosted its position 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 during the period. Tortoise Investment Management LLC boosted its position in shares of PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares during the period. Planning Capital Management Corp boosted its position 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 buying an additional 268 shares during the period. Finally, Financial Management Professionals Inc. boosted its position 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 buying an additional 243 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PYPL. Stephens boosted their target price on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $68.00 to $72.00 in a research note on Friday, August 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Piper Sandler reaffirmed a “neutral” rating and set a $88.00 price target on shares of PayPal in a research note on Friday, November 22nd. Finally, Macquarie lifted their price target on shares of PayPal from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.21.

PayPal Price Performance

Shares of PYPL opened at $89.88 on Friday. The firm has a market capitalization of $90.11 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.63 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $90.27. The company’s fifty day moving average price is $82.43 and its 200-day moving average price is $71.09.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share 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 analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 earnings per share. On average, equities research analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

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.