Atom Investors LP Takes $2.51 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atom Investors LP acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 32,149 shares of the credit services provider’s stock, valued at approximately $2,509,000.

Several other institutional investors have also made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in PayPal in the third quarter worth $108,000. Erste Asset Management GmbH bought a new position in PayPal in the 3rd quarter worth approximately $13,405,000. True Wealth Design LLC bought a new position in PayPal during the third quarter worth $47,000. Maverick Capital Ltd. raised its position in shares of PayPal by 180.6% during the third quarter. Maverick Capital Ltd. now owns 35,426 shares of the credit services provider’s stock valued at $2,764,000 after buying an additional 22,800 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its stake in shares of PayPal by 24.8% in the third quarter. Edgestream Partners L.P. now owns 35,364 shares of the credit services provider’s stock valued at $2,759,000 after buying an additional 7,025 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 0.3 %

NASDAQ:PYPL opened at $86.53 on Tuesday. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $88.74. The stock has a 50-day moving average price of $81.87 and a two-hundred day moving average price of $70.69. The stock has a market cap of $86.75 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.54 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 EPS. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Monness Crespi & Hardt boosted their price target on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $68.00 to $72.00 in a research report on Friday, August 9th. Oppenheimer initiated coverage on PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Robert W. Baird boosted their price target on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 price objective (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Sixteen 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

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.