TB Alternative Assets Ltd. Invests $7.99 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

TB Alternative Assets Ltd. purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 93,578 shares of the credit services provider’s stock, valued at approximately $7,987,000. PayPal makes up approximately 2.1% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC increased its holdings in PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after buying an additional 7,767,072 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in shares of PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares during the period. Legal & General Group Plc increased its stake in PayPal by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock valued at $501,184,000 after purchasing an additional 276,287 shares in the last quarter. 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 worth $493,907,000 after purchasing an additional 1,866,925 shares during the last quarter. Finally, Primecap Management Co. CA boosted its position in PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after purchasing an additional 1,069,356 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $91.81 on Tuesday. The company has a market cap of $92.04 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $87.40 and a two-hundred day moving average price of $76.97. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PYPL shares. Macquarie raised their price target on PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Stephens raised their target price 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. Phillip Securities restated an “accumulate” rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Oppenheimer started coverage on shares of PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Robert W. Baird lifted their price objective on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average price target of $89.32.

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.