Vicus Capital Invests $253,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Vicus Capital acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,781 shares of the credit services provider’s stock, valued at approximately $253,000.

A number of other hedge funds have also added to or reduced their stakes in PYPL. O Shaughnessy Asset Management LLC increased its holdings in shares of PayPal by 58.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 34,365 shares of the credit services provider’s stock valued at $2,009,000 after acquiring an additional 12,667 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of PayPal by 9.3% during the third quarter. Rehmann Capital Advisory Group now owns 12,800 shares of the credit services provider’s stock valued at $748,000 after acquiring an additional 1,085 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of PayPal by 1,234.9% during the third quarter. Schonfeld Strategic Advisors LLC now owns 124,468 shares of the credit services provider’s stock valued at $7,276,000 after buying an additional 115,144 shares during the last quarter. Logan Capital Management Inc. boosted its position in shares of PayPal by 85.9% during the third quarter. Logan Capital Management Inc. now owns 37,797 shares of the credit services provider’s stock valued at $2,210,000 after buying an additional 17,469 shares during the last quarter. Finally, Hodges Capital Management Inc. purchased a new position in shares of PayPal during the third quarter valued at approximately $520,000. 68.32% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the transaction, the director now directly owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Performance

NASDAQ:PYPL opened at $58.03 on Friday. The firm has a market cap of $60.70 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 0.95 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The business’s fifty day moving average is $63.18 and its 200 day moving average is $62.43. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. PayPal’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 earnings per share. Research analysts predict that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Mizuho raised PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $68.00 to $90.00 in a research report on Thursday, May 30th. Stephens lifted their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Monness Crespi & Hardt lifted their target price on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Tuesday, April 30th. Finally, Citigroup lifted their target price on PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.64.

About PayPal

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.