Qsemble Capital Management LP Has $2.29 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Qsemble Capital Management LP trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 71.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,325 shares of the credit services provider’s stock after selling 72,190 shares during the period. Qsemble Capital Management LP’s holdings in PayPal were worth $2,288,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. United Advisor Group LLC acquired a new position in PayPal during the third quarter valued at approximately $810,000. FCG Investment Co acquired a new stake in shares of PayPal in the 3rd quarter valued at approximately $1,079,000. Equity Investment Corp grew its stake in shares of PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares in the last quarter. Weil Company Inc. increased its holdings in PayPal by 68.9% during the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after buying an additional 17,003 shares during the last quarter. Finally, Brown Financial Advisors bought a new stake in PayPal during the second quarter worth $1,454,000. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Phillip Securities reissued an “accumulate” rating and issued a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price target on shares of PayPal in a report on Wednesday, September 18th. Macquarie boosted their price target on PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their price objective on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average price target of $83.60.

PayPal Price Performance

Shares of PYPL opened at $87.77 on Tuesday. The business has a 50-day simple moving average of $80.74 and a two-hundred day simple moving average of $69.89. PayPal Holdings, Inc. has a 12-month low of $55.71 and a 12-month high of $88.74. The stock has a market cap of $87.99 billion, a PE ratio of 20.95, a PEG ratio of 1.54 and a beta of 1.43. 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 released its quarterly earnings results 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 firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. Analysts anticipate 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.