Handelsbanken Fonder AB increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 395,145 shares of the credit services provider's stock after buying an additional 46,380 shares during the period. Handelsbanken Fonder AB's holdings in PayPal were worth $33,726,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC grew its stake in PayPal by 11.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,243 shares of the credit services provider's stock valued at $331,000 after purchasing an additional 421 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of PayPal by 34.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 25,668 shares of the credit services provider's stock valued at $2,003,000 after buying an additional 6,564 shares during the last quarter. Signaturefd LLC grew its position in shares of PayPal by 5.8% during the third quarter. Signaturefd LLC now owns 13,946 shares of the credit services provider's stock worth $1,088,000 after buying an additional 761 shares in the last quarter. Eastern Bank bought a new stake in shares of PayPal in the third quarter worth $311,000. Finally, Lecap Asset Management Ltd. raised its holdings in PayPal by 236.1% in the third quarter. Lecap Asset Management Ltd. now owns 19,416 shares of the credit services provider's stock valued at $1,515,000 after acquiring an additional 13,640 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.
PayPal Price Performance
Shares of PYPL stock traded down $2.68 during mid-day trading on Friday, hitting $74.95. 15,156,060 shares of the stock traded hands, compared to its average volume of 11,485,007. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $74.14 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company's 50-day simple moving average is $85.50 and its 200-day simple moving average is $80.53. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66.
PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results 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. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the company earned $1.48 earnings per share. PayPal's revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have recently weighed in on PYPL. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Tuesday, December 24th. UBS Group boosted their price objective on PayPal from $72.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Phillip Securities reaffirmed 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. Wells Fargo & Company boosted their target price on shares of PayPal from $75.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group boosted their price objective on shares of PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Thirteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.52.
Check Out Our Latest Stock Analysis on PYPL
PayPal Profile
(
Free Report)
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.
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