Is it worth investing in PayPal (PYPL).
Wedgewood Partners, an investment management firm, published its fourth quarter 2022 investor letter – a copy of which can be downloaded here. A quarterly net increase of 5.2% has been recorded by the fund for the fourth quarter of 2022, below the S&P 500 Index’s 7.56% gain for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
Wedgewood Partners mentions PayPal Holdings, Inc.PYPL) and explained its insights for the company. PayPal Holdings, Inc., NASDAQ:PYPL, is a San Jose, California-based multinational financial technology company. Its market capitalization is $88.1 million. PayPal Holdings, Inc., NASDAQ:PYPL, has posted an 8.55% return on its assets since the beginning of 2018, while its 12-month returns were down by -55.45%. On January 17, 2023, the stock closed at $77.31 per share.
In its Q3 2022 investor newsletter, Wedgewood Partners shares their thoughts on PayPal Holdings, Inc.
“PayPal This impacted performance for the entire year, as well as the quarter. The Company saw a +14 percent increase in currency-adjusted total payments value (TPV), which contributed to a +12% revenue growth. The Company’s core ecommerce market continues to recover from the Pandemic. Management expressed a cautious outlook on the holiday season. With most of the disruptions related to eBay and also Pandemic normalization largely complete, PayPal can resume its margin expansion efforts in the new year as its payment’s platform remains highly scalable. Meanwhile, disruption in capital markets should hamper its unprofitable competitors in the payments space and allow for more opportunities related to M&A.”
Image by mohamed Hassan From Pixabay
We calculated that PayPal Holdings, Inc., (NASDAQ:PYPL), ranks 10th on our ranking of the Top 100 Companies. 30 Most Popular Stocks Among Hedge Funds. PayPal Holdings, Inc. (NASDAQ.PYPL), was in 126 hedge funds portfolios at the close of the second quarter 2022, as compared with 97 funds during the previous quarter. PayPal Holdings, Inc. NASDAQ:PYPL has delivered a return of -8.48% in the past three months.
In January 2023, we also shared another hedge fund’s views on PayPal Holdings, Inc. (NASDAQ:PYPL) in another article. Other investor letters from prominent investors and hedge funds can be found on our hedge fund investor letters Q4 2022 page.
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Disclosure: None. This article was first published at Insider Monkey.