Fidelis Capital Partners LLC Buys 295 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Fidelis Capital Partners LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,107 shares of the credit services provider’s stock after buying an additional 295 shares during the period. Fidelis Capital Partners LLC’s holdings in PayPal were worth $413,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. FCG Investment Co bought a new stake in shares of PayPal during the 3rd quarter worth about $1,079,000. Brown Financial Advisors bought a new stake in PayPal in the 2nd quarter valued at about $1,454,000. Cape Cod Five Cents Savings Bank bought a new stake in PayPal in the 2nd quarter valued at about $3,014,000. Distillate Capital Partners LLC boosted its holdings in PayPal by 156,934.7% in the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock valued at $19,957,000 after purchasing an additional 343,687 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in PayPal by 44.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock valued at $83,000 after purchasing an additional 381 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on PYPL. Stephens boosted their target price on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada boosted their target price on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research report on Wednesday, September 18th. Seventeen research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $82.03.

PayPal Trading Down 2.6 %

NASDAQ:PYPL opened at $78.22 on Thursday. The firm’s fifty day moving average is $76.24 and its 200-day moving average is $67.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a 52 week low of $50.80 and a 52 week high of $83.70. The firm has a market cap of $81.82 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced 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 $1.08 by $0.12. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. Equities analysts expect that PayPal Holdings, Inc. will post 4.44 earnings per share 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.