B. Metzler seel. Sohn & Co. Holding AG Buys New Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,464 shares of the credit services provider's stock, valued at approximately $4,250,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Planning Capital Management Corp increased its position in 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 buying an additional 268 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings 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. acquired a new position in shares of PayPal in the second quarter valued at $29,000. SYSTM Wealth Solutions LLC raised its position 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 valued at $29,000 after purchasing an additional 167 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of PayPal during the 1st quarter worth about $34,000. 68.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PYPL has been the topic of several research analyst reports. Daiwa America raised shares of PayPal from a "moderate buy" rating to a "strong-buy" rating in a report on Friday, August 9th. Macquarie lifted their price target on PayPal from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. TD Cowen boosted their target price on shares of PayPal from $68.00 to $70.00 and gave the company a "hold" rating in a research report on Wednesday, July 31st. UBS Group raised their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Sunday, November 3rd. Fifteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $83.45.

PayPal Trading Up 0.8 %

NASDAQ:PYPL opened at $84.74 on Thursday. PayPal Holdings, Inc. has a 52 week low of $55.28 and a 52 week high of $87.92. The firm's fifty day moving average is $79.78 and its 200-day moving average is $69.40. The firm has a market cap of $84.96 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.50 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 (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $7.88 billion. During the same period last year, the company posted $0.97 EPS. The business's quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

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.