Qsemble Capital Management LP Has $2.29 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Qsemble Capital Management LP reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 71.1% in the third quarter, HoldingsChannel.com reports. The fund owned 29,325 shares of the credit services provider’s stock after selling 72,190 shares during the quarter. Qsemble Capital Management LP’s holdings in PayPal were worth $2,288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Planning Capital Management Corp lifted its position in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the period. Financial Management Professionals Inc. boosted its stake in PayPal by 125.3% during 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 last quarter. Family Firm Inc. bought a new stake in PayPal during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC raised its stake in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of PayPal in the first quarter valued at approximately $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of PayPal stock opened at $87.77 on Tuesday. The stock has a market capitalization of $87.99 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $55.71 and a one year high of $88.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The business’s 50 day simple moving average is $80.74 and its two-hundred day simple moving average is $69.89.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 14.08% and a return on equity of 23.44%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. Analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PYPL. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. BMO Capital Markets increased their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group increased their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Monness Crespi & Hardt raised their price target on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Sixteen equities 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. According to MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $83.60.

About PayPal

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.