V Square Quantitative Management LLC Has $1.58 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

V Square Quantitative Management LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,305 shares of the credit services provider’s stock after purchasing an additional 3,065 shares during the quarter. V Square Quantitative Management LLC’s holdings in PayPal were worth $1,584,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. raised its position in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the period. American National Bank acquired a new position in shares of PayPal in the 1st quarter valued at about $27,000. Family Firm Inc. purchased a new stake in shares of PayPal in the second quarter worth approximately $29,000. SYSTM Wealth Solutions LLC boosted its holdings in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in PayPal during the first quarter valued at approximately $30,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL traded down $0.30 on Friday, reaching $79.52. 1,153,062 shares of the stock traded hands, compared to its average volume of 13,636,382. The stock’s 50-day moving average price is $73.83 and its 200-day moving average price is $66.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $81.30 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.47 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.00.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. Equities analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PYPL shares. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $78.00 price objective on shares of PayPal in a research report on Wednesday, September 18th. JPMorgan Chase & Co. upped their target price on PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Monness Crespi & Hardt lifted their price target on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th. Seventeen analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.52.

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.