Atomi Financial Group Inc. Increases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atomi Financial Group Inc. grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,339 shares of the credit services provider’s stock after buying an additional 1,108 shares during the period. Atomi Financial Group Inc.’s holdings in PayPal were worth $968,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in shares of PayPal by 35.4% during the second quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock valued at $8,545,000 after purchasing an additional 38,488 shares in the last quarter. Gabelli Funds LLC lifted its stake in PayPal by 10.1% during the 2nd quarter. Gabelli Funds LLC now owns 36,310 shares of the credit services provider’s stock valued at $2,107,000 after acquiring an additional 3,320 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of PayPal by 49.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 46,228 shares of the credit services provider’s stock valued at $2,683,000 after acquiring an additional 15,316 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of PayPal by 56.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 191,555 shares of the credit services provider’s stock worth $11,116,000 after acquiring an additional 68,883 shares during the period. Finally, Insigneo Advisory Services LLC raised its holdings in shares of PayPal by 11.3% during the second quarter. Insigneo Advisory Services LLC now owns 22,047 shares of the credit services provider’s stock valued at $1,333,000 after purchasing an additional 2,239 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ:PYPL opened at $89.85 on Thursday. The business’s 50-day moving average is $87.57 and its 200 day moving average is $77.41. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a market capitalization of $90.08 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.57 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

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

Wall Street Analyst Weigh In

PYPL has been the subject of a number of research reports. Oppenheimer assumed coverage on shares of PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Piper Sandler reiterated a “neutral” rating and set a $88.00 price objective on shares of PayPal in a research report on Friday, November 22nd. UBS Group raised their target price on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Stephens upped their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average target price of $89.32.

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.