Healthcare of Ontario Pension Plan Trust Fund Buys 16,510 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 321,643 shares of the credit services provider’s stock after buying an additional 16,510 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in PayPal were worth $25,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Family Firm Inc. purchased a new stake in shares of PayPal during the second quarter worth about $29,000. SYSTM Wealth Solutions LLC lifted its holdings in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares in the last quarter. Tortoise Investment Management LLC grew its stake in 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 acquiring an additional 465 shares in the last quarter. Planning Capital Management Corp lifted its stake in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in shares of PayPal during the first quarter valued at about $34,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $78.00 price target on shares of PayPal in a research note on Wednesday, September 18th. Phillip Securities restated an “accumulate” rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

PayPal Price Performance

Shares of PYPL stock opened at $86.57 on Friday. The firm has a market capitalization of $86.79 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s 50-day simple moving average is $81.49 and its 200-day simple moving average is $70.29. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $88.74.

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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

PayPal Company 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.