PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 21.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 516,570 shares of the credit services provider's stock after selling 140,073 shares during the quarter. KBC Group NV owned about 0.05% of PayPal worth $44,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PYPL. Mizuho Securities USA LLC increased its holdings in shares of PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock valued at $819,315,000 after acquiring an additional 10,419,351 shares during the period. FMR LLC increased its holdings in shares of PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. World Investment Advisors LLC purchased a new position in shares of PayPal in the 3rd quarter valued at $387,435,000. Clearbridge Investments LLC increased its holdings in shares of PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider's stock valued at $493,907,000 after acquiring an additional 1,866,925 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of PayPal by 9,864.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider's stock valued at $87,336,000 after acquiring an additional 1,108,030 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

NASDAQ:PYPL traded down $2.05 during trading hours on Tuesday, hitting $88.19. 8,662,182 shares of the stock were exchanged, compared to its average volume of 8,403,279. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The firm's fifty day moving average price is $87.87 and its 200 day moving average price is $78.27. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $88.41 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS 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 company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the business earned $0.97 EPS. PayPal's quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PYPL. Macquarie lifted their price target on PayPal from $95.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, December 17th. Sanford C. Bernstein cut PayPal from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Monness Crespi & Hardt raised their price objective on PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Phillip Securities reissued an "accumulate" rating and issued a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Finally, Morgan Stanley raised their price objective on PayPal from $76.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 18th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and a consensus price target of $89.48.

PayPal Company Profile

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.