PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,229 shares of the credit services provider’s stock after acquiring an additional 259 shares during the period. Coldstream Capital Management Inc.’s holdings in PayPal were worth $710,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PYPL. Daiwa Securities Group Inc. lifted its holdings in shares of PayPal by 1.9% during the second quarter. Daiwa Securities Group Inc. now owns 318,994 shares of the credit services provider’s stock worth $18,511,000 after purchasing an additional 5,980 shares during the period. RPG Investment Advisory LLC boosted its holdings in shares of PayPal by 48.5% in the second quarter. RPG Investment Advisory LLC now owns 127,971 shares of the credit services provider’s stock valued at $7,426,000 after acquiring an additional 41,771 shares in the last quarter. Andra AP fonden increased its stake in shares of PayPal by 50.9% during the second quarter. Andra AP fonden now owns 90,769 shares of the credit services provider’s stock worth $5,267,000 after acquiring an additional 30,600 shares during the period. Sachetta LLC raised its holdings in PayPal by 60.1% during the second quarter. Sachetta LLC now owns 1,561 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 586 shares in the last quarter. Finally, Monaco Asset Management SAM lifted its position in PayPal by 105.6% in the second quarter. Monaco Asset Management SAM now owns 185,000 shares of the credit services provider’s stock valued at $10,736,000 after purchasing an additional 95,000 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Up 1.5 %

PYPL stock opened at $70.36 on Friday. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $74.40. The stock has a market capitalization of $73.60 billion, a P/E ratio of 17.72, a PEG ratio of 0.98 and a beta of 1.43. The company has a 50 day moving average price of $65.34 and a two-hundred day moving average price of $63.82. 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 (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous 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, sell-side analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PYPL shares. Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $68.00 to $72.00 in a research note on Friday, August 9th. TD Cowen increased their price objective on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a research report on Tuesday. Evercore ISI increased their price target on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Finally, Barclays raised their price objective on shares of PayPal from $81.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Eighteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $75.56.

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.