Westbourne Investment Advisors Inc. Invests $211,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Westbourne Investment Advisors Inc. bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,700 shares of the credit services provider’s stock, valued at approximately $211,000.

Several other hedge funds have also bought and sold shares of PYPL. Primecap Management Co. CA raised its position 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 valued at $287,043,000 after purchasing an additional 3,184,160 shares during the period. Clearbridge Investments LLC raised its holdings in PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after acquiring an additional 1,866,925 shares during the period. International Assets Investment Management LLC lifted its position in shares of PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after acquiring an additional 1,108,030 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of PayPal by 31.1% in the first 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 acquiring an additional 687,940 shares during the period. Finally, Swedbank AB purchased a new stake in shares of PayPal during the first quarter worth about $42,297,000. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 2.6 %

NASDAQ:PYPL traded down $2.05 during midday trading on Friday, hitting $77.25. The stock had a trading volume of 16,473,606 shares, compared to its average volume of 10,326,439. The stock has a 50-day moving average of $76.50 and a 200 day moving average of $67.69. The company has a market capitalization of $77.45 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.41 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $52.55 and a one year high of $83.70. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PYPL shares. Mizuho boosted their price target on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Robert W. Baird upped their target price on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stephens lifted their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. BMO Capital Markets increased their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $78.00 target price on shares of PayPal in a report on Wednesday, September 18th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.83.

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.