DORCHESTER WEALTH MANAGEMENT Co Raises Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,585 shares of the credit services provider’s stock after acquiring an additional 1,155 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in PayPal were worth $826,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc grew its stake in PayPal by 3.3% in the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after purchasing an additional 276,287 shares during the period. Clearbridge Investments LLC boosted its stake 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 acquiring an additional 1,866,925 shares in the last quarter. Primecap Management Co. CA grew its holdings in PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after purchasing an additional 3,184,160 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of PayPal by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock valued at $183,789,000 after purchasing an additional 409,322 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of PayPal by 5.1% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider’s stock worth $176,789,000 after purchasing an additional 146,643 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.90 during mid-day trading on Thursday, reaching $81.73. 2,577,853 shares of the company traded hands, compared to its average volume of 13,529,216. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $82.48. The firm has a market cap of $83.56 billion, a PE ratio of 19.57, a PEG ratio of 1.47 and a beta of 1.44. The company’s 50 day moving average price is $75.11 and its 200-day moving average price is $66.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.44 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the subject of several analyst reports. UBS Group raised their price target on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Barclays raised their price target on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Sixteen equities research 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, PayPal presently has an average rating of “Moderate Buy” and an average price target of $78.03.

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.