Quantbot Technologies LP Invests $3.64 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quantbot Technologies LP purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 62,759 shares of the credit services provider’s stock, valued at approximately $3,642,000.

Several other large investors have also recently bought and sold shares of PYPL. Pittenger & Anderson Inc. lifted its holdings in shares of PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. American National Bank purchased a new position in PayPal in the first quarter valued at about $27,000. Family Firm Inc. purchased a new stake in shares of PayPal during the 2nd quarter valued at approximately $29,000. Register Financial Advisors LLC purchased a new stake in shares of PayPal during the 1st quarter valued at approximately $30,000. Finally, Tortoise Investment Management LLC increased its holdings in PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares during the period. 68.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PYPL shares. BMO Capital Markets increased their target price on shares of PayPal from $65.00 to $72.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Monness Crespi & Hardt increased their price target on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Mizuho restated an “outperform” rating and set a $90.00 price objective on shares of PayPal in a research note on Tuesday, August 20th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $78.00 price objective on shares of PayPal in a report on Thursday, July 11th. Eighteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.56.

PayPal Price Performance

Shares of PYPL opened at $71.07 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $74.40. The stock has a market cap of $72.66 billion, a PE ratio of 17.90, a P/E/G ratio of 1.00 and a beta of 1.43. The firm has a 50-day simple moving average of $65.79 and a two-hundred day simple moving average of $64.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period last year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

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.