Vinland Capital Management Gestora de Recursos LTDA. Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Vinland Capital Management Gestora de Recursos LTDA. purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,275 shares of the credit services provider’s stock, valued at approximately $1,036,000. PayPal makes up approximately 2.4% of Vinland Capital Management Gestora de Recursos LTDA.’s portfolio, making the stock its 2nd largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PYPL. Bruce G. Allen Investments LLC raised its stake in shares of PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares during the last quarter. First United Bank & Trust raised its stake in shares of PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC raised its stake in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, First Bank & Trust raised its stake in shares of PayPal by 4.4% in the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock worth $313,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PYPL opened at $78.02 on Thursday. The stock has a 50-day moving average price of $76.24 and a 200-day moving average price of $67.48. PayPal Holdings, Inc. has a 12-month low of $50.80 and a 12-month high of $83.70. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $81.61 billion, a P/E ratio of 19.70, a PEG ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the business earned $0.97 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PYPL. Argus raised PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Mizuho raised their target price on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Stephens raised their target price on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Seventeen analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.03.

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.