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

KBC Group NV boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 22.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 656,643 shares of the credit services provider's stock after acquiring an additional 120,734 shares during the period. KBC Group NV owned 0.07% of PayPal worth $51,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of PayPal by 3.3% during the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider's stock worth $501,184,000 after acquiring an additional 276,287 shares during the period. Clearbridge Investments LLC boosted its holdings in 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 purchasing an additional 1,866,925 shares in the last quarter. Primecap Management Co. CA increased its position in PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider's stock worth $287,043,000 after purchasing an additional 3,184,160 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of PayPal by 12.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,189,947 shares of the credit services provider's stock worth $248,912,000 after buying an additional 364,851 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of PayPal by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider's stock valued at $183,789,000 after buying an additional 409,322 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Up 0.0 %

Shares of PayPal stock traded up $0.04 during trading hours on Friday, hitting $85.83. The company's stock had a trading volume of 8,079,855 shares, compared to its average volume of 13,473,250. The business has a fifty day moving average of $78.52 and a 200 day moving average of $68.88. PayPal Holdings, Inc. has a 1-year low of $55.28 and a 1-year high of $87.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $86.05 billion, a PE ratio of 20.48, a P/E/G ratio of 1.56 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the company posted $0.97 earnings per share. The firm's revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their target price on PayPal from $84.00 to $89.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Susquehanna raised their price objective on shares of PayPal from $83.00 to $94.00 and gave the company a "positive" rating in a research note on Wednesday, October 30th. Oppenheimer began coverage on shares of PayPal in a research report on Tuesday, October 1st. They set a "market perform" rating on the stock. JPMorgan Chase & Co. increased their target price on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Finally, Phillip Securities reissued an "accumulate" rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and an average price target of $83.45.

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.