Triasima Portfolio Management inc. Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Triasima Portfolio Management inc. acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, HoldingsChannel reports. The fund acquired 33,125 shares of the credit services provider’s stock, valued at approximately $2,827,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PYPL. Czech National Bank increased its position in shares of PayPal by 4.5% during the third quarter. Czech National Bank now owns 208,260 shares of the credit services provider’s stock valued at $16,251,000 after buying an additional 8,925 shares during the period. Atomi Financial Group Inc. increased its position in shares of PayPal by 13.4% during the third quarter. Atomi Financial Group Inc. now owns 10,231 shares of the credit services provider’s stock valued at $798,000 after buying an additional 1,211 shares during the period. City Holding Co. increased its position in shares of PayPal by 2,480.0% during the third quarter. City Holding Co. now owns 12,255 shares of the credit services provider’s stock valued at $956,000 after buying an additional 11,780 shares during the period. CWM LLC increased its position in shares of PayPal by 10.1% during the third quarter. CWM LLC now owns 123,565 shares of the credit services provider’s stock valued at $9,642,000 after buying an additional 11,321 shares during the period. Finally, Marcum Wealth LLC purchased a new position in shares of PayPal during the third quarter valued at about $284,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Down 0.8 %

PYPL opened at $78.57 on Friday. 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 Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The company has a market capitalization of $77.72 billion, a PE ratio of 18.75, a PEG ratio of 1.49 and a beta of 1.44. The firm’s 50 day simple moving average is $87.71 and its two-hundred day simple moving average is $79.38.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 earnings per share. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Analysts Set New Price Targets

PYPL has been the topic of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday. Susquehanna boosted their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Phillip Securities restated an “accumulate” rating and issued a $90.00 price objective (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Finally, Mizuho upped their price objective on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.29.

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.