LifePro Asset Management Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

LifePro Asset Management purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 23,029 shares of the credit services provider’s stock, valued at approximately $1,797,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PYPL. Primecap Management Co. CA boosted its holdings in shares of PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after buying an additional 3,184,160 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after purchasing an additional 1,866,925 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of PayPal by 31.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock worth $194,262,000 after purchasing an additional 687,940 shares in the last quarter. Swedbank AB bought a new position in shares of PayPal in the 1st quarter worth $42,297,000. Finally, Greenvale Capital LLP lifted its holdings in shares of PayPal by 54.5% in the 4th quarter. Greenvale Capital LLP now owns 1,700,000 shares of the credit services provider’s stock worth $104,397,000 after purchasing an additional 600,000 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Down 3.3 %

Shares of PYPL opened at $78.98 on Friday. The business has a 50-day moving average of $71.78 and a 200 day moving average of $65.93. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $82.00. The firm has a market cap of $80.74 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. 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 (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the firm posted $0.83 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PYPL. Evercore ISI increased their target price on PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Barclays increased their target price on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. TD Cowen increased their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Argus raised PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Seventeen research 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.47.

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.