PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Boosted by Archer Investment Corp

Archer Investment Corp lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 73.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 945 shares of the credit services provider’s stock after buying an additional 400 shares during the period. Archer Investment Corp’s holdings in PayPal were worth $55,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PYPL. Norges Bank purchased a new position in shares of PayPal during the 4th quarter valued at $749,561,000. The Manufacturers Life Insurance Company raised its stake in shares of PayPal by 125.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after purchasing an additional 958,130 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of PayPal by 15.8% during the 1st quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after buying an additional 904,804 shares during the last quarter. Boston Partners grew its stake in shares of PayPal by 4,024.5% in the 4th quarter. Boston Partners now owns 783,248 shares of the credit services provider’s stock valued at $48,099,000 after buying an additional 764,258 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in PayPal by 1,309.2% during the fourth quarter. Panagora Asset Management Inc. now owns 800,648 shares of the credit services provider’s stock valued at $49,168,000 after acquiring an additional 743,833 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 0.8 %

PayPal stock opened at $72.61 on Thursday. The firm has a market capitalization of $74.23 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.03 and a beta of 1.43. The company’s 50 day simple moving average is $64.01 and its 200 day simple moving average is $63.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $73.93.

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. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period last year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on PYPL. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research report on Thursday, July 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $84.00 price target on shares of PayPal in a research report on Wednesday, July 31st. Macquarie boosted their target price on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. UBS Group increased their price target on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Mizuho reaffirmed an “outperform” rating and set a $90.00 price objective on shares of PayPal in a report on Tuesday, August 20th. Eighteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $75.56.

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.