124,607 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 124,607 shares of the credit services provider’s stock, valued at approximately $7,231,000. PayPal accounts for 0.5% of Virtu Financial LLC’s investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors also recently modified their holdings of the company. Gryphon Financial Partners LLC increased its stake in PayPal by 36.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock valued at $593,000 after buying an additional 2,569 shares during the last quarter. ING Groep NV increased its position in shares of PayPal by 318.8% during the 4th quarter. ING Groep NV now owns 40,373 shares of the credit services provider’s stock worth $2,479,000 after purchasing an additional 30,733 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of PayPal during the 4th quarter worth approximately $1,484,000. Gladstone Institutional Advisory LLC boosted its holdings in shares of PayPal by 36.4% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 16,579 shares of the credit services provider’s stock valued at $1,018,000 after buying an additional 4,426 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in PayPal by 41.0% during the fourth quarter. Thoroughbred Financial Services LLC now owns 23,980 shares of the credit services provider’s stock worth $1,472,000 after buying an additional 6,967 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

Shares of PYPL opened at $71.07 on Tuesday. The firm has a market cap of $72.66 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.00 and a beta of 1.43. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $74.40. The business’s 50 day moving average price is $65.79 and its two-hundred day moving average price is $64.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period last year, the company posted $0.83 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Analyst Ratings Changes

PYPL has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group restated a “neutral” rating and set a $69.00 target price on shares of PayPal in a research note on Monday, June 24th. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and increased their price target for the company from $68.00 to $72.00 in a report on Friday, August 9th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 price objective on shares of PayPal in a research report on Thursday, July 11th. Finally, Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Eighteen equities 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.56.

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.