Koa Wealth Management LLC Acquires New Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Koa Wealth Management LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,900 shares of the credit services provider’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. United Advisor Group LLC bought a new position in PayPal during the third quarter valued at about $810,000. FCG Investment Co acquired a new stake in PayPal in the 3rd quarter valued at about $1,079,000. Weil Company Inc. boosted its position in shares of PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 17,003 shares in the last quarter. Brown Financial Advisors bought a new position in shares of PayPal during the 2nd quarter valued at about $1,454,000. Finally, Versor Investments LP raised its holdings in shares of PayPal by 115.9% in the 3rd quarter. Versor Investments LP now owns 26,223 shares of the credit services provider’s stock worth $2,046,000 after purchasing an additional 14,079 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $85.83 on Friday. The business’s 50-day simple moving average is $78.86 and its 200-day simple moving average is $69.01. 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 Holdings, Inc. has a 52 week low of $55.28 and a 52 week high of $87.92. The firm has a market cap of $86.05 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 1.56 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 target price on shares of PayPal in a report on Wednesday, September 18th. Jefferies Financial Group reduced their target price on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. BMO Capital Markets lifted their price target on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Fifteen 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.45.

PayPal Company 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.