Twenty Acre Capital LP Has $7.08 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Twenty Acre Capital LP lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 23.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,700 shares of the credit services provider’s stock after selling 27,400 shares during the quarter. PayPal comprises 6.2% of Twenty Acre Capital LP’s portfolio, making the stock its 5th biggest holding. Twenty Acre Capital LP’s holdings in PayPal were worth $7,077,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. LRI Investments LLC bought a new stake in PayPal during the first quarter valued at about $34,000. Burney Co. bought a new stake in PayPal during the 1st quarter valued at approximately $1,912,000. Cetera Investment Advisers lifted its holdings in PayPal by 229.8% in the 1st quarter. Cetera Investment Advisers now owns 205,295 shares of the credit services provider’s stock worth $13,753,000 after purchasing an additional 143,046 shares in the last quarter. Cetera Advisors LLC grew its holdings in PayPal by 76.2% during the 1st quarter. Cetera Advisors LLC now owns 44,526 shares of the credit services provider’s stock valued at $2,983,000 after buying an additional 19,257 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in shares of PayPal in the first quarter worth $251,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 0.2 %

PYPL stock opened at $86.77 on Friday. 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 Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $88.74. The stock has a market capitalization of $86.99 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. The firm has a 50 day moving average of $81.69 and a 200 day moving average of $70.45.

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, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Monness Crespi & Hardt increased their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Stephens increased their price target on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Oppenheimer started coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Macquarie upped their price objective on PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, UBS Group raised their target price on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, PayPal has an average rating of “Moderate Buy” and an average price target of $83.60.

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.