PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 48.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,150 shares of the credit services provider’s stock after acquiring an additional 2,645 shares during the quarter. White Knight Strategic Wealth Advisors LLC’s holdings in PayPal were worth $636,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. LRI Investments LLC purchased a new stake in PayPal in the first quarter valued at $34,000. Burney Co. purchased a new stake in PayPal in the first quarter valued at $1,912,000. Cetera Investment Advisers boosted its holdings in PayPal by 229.8% in the first quarter. Cetera Investment Advisers now owns 205,295 shares of the credit services provider’s stock valued at $13,753,000 after purchasing an additional 143,046 shares during the last quarter. Cetera Advisors LLC lifted its holdings in PayPal by 76.2% in the first quarter. Cetera Advisors LLC now owns 44,526 shares of the credit services provider’s stock valued at $2,983,000 after acquiring an additional 19,257 shares during the period. Finally, Westwood Holdings Group Inc. purchased a new stake in PayPal in the 1st quarter worth approximately $251,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Performance

NASDAQ PYPL opened at $86.77 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s fifty day moving average is $81.69 and its two-hundred day moving average is $70.45. The firm has a market capitalization of $86.99 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $88.74.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Monness Crespi & Hardt raised their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $68.00 to $72.00 in a research note on Friday, August 9th. Finally, Canaccord Genuity Group increased their price target on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average target price of $83.60.

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.