Prescott Group Capital Management L.L.C. boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 83.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,000 shares of the credit services provider’s stock after purchasing an additional 20,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in PayPal were worth $2,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in PayPal by 12.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock valued at $144,215,000 after buying an additional 138,875 shares in the last quarter. Dakota Wealth Management increased its holdings in PayPal by 8.6% in the first quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock valued at $566,000 after buying an additional 387 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of PayPal by 15.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock worth $793,000 after purchasing an additional 918 shares in the last quarter. Covestor Ltd increased its stake in shares of PayPal by 136.1% during the first quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 769 shares in the last quarter. Finally, Donaldson Capital Management LLC increased its stake in shares of PayPal by 5.3% during the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock worth $358,000 after purchasing an additional 155 shares in the last quarter. 68.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on PYPL shares. The Goldman Sachs Group cut their target price on shares of PayPal from $89.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Jefferies Financial Group decreased their target price on shares of PayPal from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Monday, October 9th. Mizuho decreased their target price on shares of PayPal from $92.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, November 14th. Canaccord Genuity Group decreased their target price on shares of PayPal from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Finally, UBS Group reiterated a “neutral” rating and issued a $63.00 target price on shares of PayPal in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.77.
PayPal Stock Up 0.8 %
Shares of NASDAQ PYPL traded up $0.44 during mid-day trading on Monday, reaching $56.98. The company had a trading volume of 3,972,583 shares, compared to its average volume of 15,148,772. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $56.94 and a two-hundred day simple moving average of $62.59. The stock has a market cap of $61.43 billion, a P/E ratio of 16.85, a PEG ratio of 0.91 and a beta of 1.38. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $88.63.
PayPal (NASDAQ:PYPL – Get Free Report) last posted its earnings results on Wednesday, November 1st. The credit services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. The firm had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.39 billion. PayPal had a net margin of 12.93% and a return on equity of 20.78%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 3.84 earnings per share for the current year.
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
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