World Investment Advisors LLC Acquires New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

World Investment Advisors LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 67,871 shares of the credit services provider’s stock, valued at approximately $5,296,000.

Other institutional investors have also made changes to their positions in the company. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the third quarter worth $26,000. Family Firm Inc. bought a new position in shares of PayPal in the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC lifted its position in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Tortoise Investment Management LLC grew its position in shares of PayPal by 930.0% during the 2nd 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 during the last quarter. Finally, Planning Capital Management Corp raised its stake in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

Shares of PYPL opened at $89.40 on Friday. The company has a 50-day moving average of $83.40 and a two-hundred day moving average of $71.90. The stock has a market cap of $89.63 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last posted 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 firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. On average, equities research analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PYPL shares. Robert W. Baird lifted their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Mizuho boosted their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Susquehanna increased their target price on PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a research report on Wednesday, October 30th. Macquarie boosted their price target on shares of PayPal from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Sixteen investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.07.

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.