4,300 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by TradeLink Capital LLC

TradeLink Capital LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,300 shares of the credit services provider’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pittenger & Anderson Inc. raised its stake in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. American National Bank purchased a new position in shares of PayPal in the 1st quarter worth about $27,000. Register Financial Advisors LLC purchased a new position in shares of PayPal in the 1st quarter worth about $30,000. CarsonAllaria Wealth Management Ltd. boosted its stake in PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 185 shares in the last quarter. Finally, Private Wealth Management Group LLC purchased a new stake in PayPal during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 1.5 %

Shares of PYPL opened at $70.36 on Friday. The stock has a market capitalization of $71.93 billion, a PE ratio of 17.72, a P/E/G ratio of 0.99 and a beta of 1.43. The company’s fifty day moving average is $65.34 and its 200 day moving average is $63.82. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $74.40.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) 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 the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. PayPal’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PYPL. Sanford C. Bernstein raised shares of PayPal from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $71.00 to $78.00 in a report on Wednesday, July 31st. Macquarie upped their price objective on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. New Street Research started coverage on PayPal in a research note on Friday, May 31st. They set a “buy” rating and a $80.00 target price on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $69.00 price target on shares of PayPal in a report on Monday, June 24th. Finally, UBS Group increased their price objective on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Eighteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.56.

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.