Flossbach Von Storch SE Reduces Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Flossbach Von Storch SE decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 33.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 582,198 shares of the credit services provider's stock after selling 288,005 shares during the quarter. Flossbach Von Storch SE owned approximately 0.06% of PayPal worth $49,691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PYPL. Hussman Strategic Advisors Inc. acquired a new stake in PayPal in the fourth quarter valued at approximately $1,792,000. First Bank & Trust raised its position in shares of PayPal by 5.6% during the 4th quarter. First Bank & Trust now owns 4,240 shares of the credit services provider's stock worth $362,000 after purchasing an additional 224 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of PayPal by 13.3% during the fourth quarter. Handelsbanken Fonder AB now owns 395,145 shares of the credit services provider's stock valued at $33,726,000 after acquiring an additional 46,380 shares during the last quarter. Wealth Alliance boosted its stake in shares of PayPal by 10.2% in the fourth quarter. Wealth Alliance now owns 9,289 shares of the credit services provider's stock worth $793,000 after acquiring an additional 862 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in PayPal by 67.2% in the 4th quarter. Ieq Capital LLC now owns 264,371 shares of the credit services provider's stock valued at $22,564,000 after purchasing an additional 106,236 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

Shares of PYPL stock traded down $2.66 during trading hours on Friday, reaching $74.97. The company's stock had a trading volume of 12,488,818 shares, compared to its average volume of 11,360,246. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $74.16 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.28 and a beta of 1.44. The firm's 50 day simple moving average is $85.50 and its 200-day simple moving average is $80.53.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal'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. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PYPL shares. BMO Capital Markets increased their price target on PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Finally, Phillip Securities reissued an "accumulate" rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, PayPal currently has an average rating of "Moderate Buy" and a consensus price target of $90.52.

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.