West Family Investments Inc. Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

West Family Investments Inc. purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,505 shares of the credit services provider’s stock, valued at approximately $273,000.

Other hedge funds have also recently bought and sold shares of the company. Planning Capital Management Corp increased its position in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares in the last quarter. Family Firm Inc. acquired a new position in PayPal during the second quarter worth about $29,000. SYSTM Wealth Solutions LLC lifted its holdings in shares of 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 stake in shares of PayPal in the first quarter valued at approximately $34,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 0.7 %

Shares of PYPL opened at $84.09 on Wednesday. PayPal Holdings, Inc. has a one year low of $55.28 and a one year high of $87.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $84.30 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.53 and a beta of 1.43. The stock has a 50-day moving average price of $79.47 and a 200 day moving average price of $69.29.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on PYPL. Morgan Stanley increased their target price on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. William Blair raised shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Finally, Stephens raised their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Fifteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $83.45.

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.