WESPAC Advisors LLC Buys New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

WESPAC Advisors LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 3rd quarter, Holdings Channel reports. The fund bought 2,914 shares of the credit services provider’s stock, valued at approximately $227,000.

Other hedge funds have also added to or reduced their stakes in the company. Planning Capital Management Corp increased its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares in the last quarter. Family Firm Inc. acquired a new stake in PayPal in the second quarter worth $29,000. SYSTM Wealth Solutions LLC increased its stake in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of PayPal during the first quarter valued at about $34,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

NASDAQ PYPL opened at $86.77 on Friday. The firm has a market cap of $86.99 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43. The company’s 50 day moving average is $80.41 and its 200-day moving average is $69.68. PayPal Holdings, Inc. has a 12-month low of $55.55 and a 12-month high of $87.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PYPL. Phillip Securities restated an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Morgan Stanley boosted their price objective on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Oppenheimer began coverage on PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 price target on shares of PayPal in a research note on Wednesday, September 18th. Sixteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

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.