LRI Investments LLC Purchases 1,193 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

LRI Investments LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 77.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,725 shares of the credit services provider’s stock after acquiring an additional 1,193 shares during the quarter. LRI Investments LLC’s holdings in PayPal were worth $234,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. United Advisor Group LLC acquired a new position in PayPal during the third quarter worth $810,000. World Investment Advisors LLC acquired a new position in PayPal during the third quarter worth $387,435,000. FCG Investment Co acquired a new position in PayPal during the third quarter worth $1,079,000. Equity Investment Corp raised its stake in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. raised its stake in PayPal by 68.9% during the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after acquiring an additional 17,003 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho increased their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Oppenheimer began coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and raised their target price for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Stephens raised their target price on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company raised their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.70.

PayPal Stock Up 0.1 %

Shares of PayPal stock opened at $90.00 on Tuesday. The business’s 50 day simple moving average is $82.90 and its 200 day simple moving average is $71.58. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The firm has a market cap of $90.23 billion, a PE ratio of 21.48, a P/E/G ratio of 1.64 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm earned $0.97 EPS. PayPal’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

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.