CIBC Asset Management Inc Has $24.95 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

CIBC Asset Management Inc grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 319,679 shares of the credit services provider’s stock after buying an additional 12,212 shares during the period. CIBC Asset Management Inc’s holdings in PayPal were worth $24,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Planning Capital Management Corp boosted its position in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Financial Management Professionals Inc. grew its position in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the period. Family Firm Inc. bought a new stake in PayPal during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC lifted its stake in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of PayPal in the first quarter valued at approximately $34,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PYPL has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Monness Crespi & Hardt lifted 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. TD Cowen raised their price target on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Mizuho boosted their price objective on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company raised their target price on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Fifteen research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.45.

PayPal Stock Up 0.0 %

Shares of NASDAQ PYPL opened at $85.83 on Friday. The stock has a market capitalization of $86.05 billion, a P/E ratio of 20.48, a PEG ratio of 1.56 and a beta of 1.43. 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 stock’s fifty day moving average is $78.52 and its 200 day moving average is $68.88.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

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.