PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Raised by Verde Capital Management

Verde Capital Management increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,802 shares of the credit services provider’s stock after buying an additional 682 shares during the quarter. PayPal comprises 1.2% of Verde Capital Management’s portfolio, making the stock its 16th largest holding. Verde Capital Management’s holdings in PayPal were worth $3,964,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its stake in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares during the period. Family Firm Inc. bought a new position in PayPal during the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC increased its position in shares of PayPal by 50.6% during the 2nd 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 during the period. Register Financial Advisors LLC acquired a new stake in shares of PayPal in the first quarter valued at $30,000. Finally, Tortoise Investment Management LLC boosted its stake in PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on PYPL. William Blair upgraded shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Oppenheimer began coverage on shares of PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Monness Crespi & Hardt increased their target price on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. UBS Group raised their target price on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and upped their price target for the company from $68.00 to $72.00 in a report on Friday, August 9th. Sixteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.03.

PayPal Stock Performance

Shares of PYPL opened at $80.94 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.00. The company’s fifty day moving average is $74.16 and its 200-day moving average is $66.62. The firm has a market cap of $82.75 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44.

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

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.