Cerity Partners LLC Has $22.61 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Cerity Partners LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 27.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 289,735 shares of the credit services provider’s stock after acquiring an additional 63,288 shares during the quarter. Cerity Partners LLC’s holdings in PayPal were worth $22,608,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. lifted its position in PayPal by 44.6% during the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock worth $83,000 after acquiring an additional 381 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in PayPal by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,472,635 shares of the credit services provider’s stock valued at $98,653,000 after purchasing an additional 23,991 shares during the period. Waverly Advisors LLC grew its holdings in PayPal by 68.9% in the 1st quarter. Waverly Advisors LLC now owns 18,299 shares of the credit services provider’s stock valued at $1,226,000 after buying an additional 7,465 shares during the last quarter. Invenomic Capital Management LP increased its position in PayPal by 36.9% in the 1st quarter. Invenomic Capital Management LP now owns 554,636 shares of the credit services provider’s stock worth $37,155,000 after buying an additional 149,501 shares during the period. Finally, Incline Global Management LLC lifted its holdings in shares of PayPal by 75.4% during the first quarter. Incline Global Management LLC now owns 221,848 shares of the credit services provider’s stock worth $14,862,000 after buying an additional 95,400 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Trading Up 2.3 %

NASDAQ PYPL opened at $86.77 on Monday. The business’s fifty day moving average is $80.41 and its 200-day moving average is $69.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $86.99 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $55.55 and a one year high of $87.92.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. TD Cowen raised their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Piper Sandler restated a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a research note on Friday. Wells Fargo & Company lifted their target price on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Robert W. Baird increased their price target on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.60.

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.