Triasima Portfolio Management inc. Makes New $2.83 Million Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Triasima Portfolio Management inc. bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 33,125 shares of the credit services provider’s stock, valued at approximately $2,827,000.

Several other hedge funds have also recently modified their holdings of PYPL. Czech National Bank lifted its position in shares of PayPal by 4.5% during the 3rd quarter. Czech National Bank now owns 208,260 shares of the credit services provider’s stock worth $16,251,000 after buying an additional 8,925 shares in the last quarter. Atomi Financial Group Inc. lifted its position in shares of PayPal by 13.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 10,231 shares of the credit services provider’s stock worth $798,000 after buying an additional 1,211 shares in the last quarter. City Holding Co. lifted its position in shares of PayPal by 2,480.0% during the 3rd quarter. City Holding Co. now owns 12,255 shares of the credit services provider’s stock worth $956,000 after buying an additional 11,780 shares in the last quarter. CWM LLC lifted its position in shares of PayPal by 10.1% during the 3rd quarter. CWM LLC now owns 123,565 shares of the credit services provider’s stock worth $9,642,000 after buying an additional 11,321 shares in the last quarter. Finally, Marcum Wealth LLC bought a new position in shares of PayPal during the 3rd quarter worth approximately $284,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

PayPal stock opened at $78.57 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. The company has a market capitalization of $77.72 billion, a PE ratio of 18.75, a P/E/G ratio of 1.49 and a beta of 1.44. The firm has a fifty day simple moving average of $87.71 and a two-hundred day simple moving average of $79.38. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 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 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 earnings per share. Research analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Wall Street Analyst Weigh In

PYPL has been the subject of several research analyst reports. UBS Group raised their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Morgan Stanley decreased their price target on shares of PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.29.

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.