Natixis Advisors LLC Increases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Natixis Advisors LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 591,223 shares of the credit services provider's stock after purchasing an additional 23,890 shares during the period. Natixis Advisors LLC owned 0.06% of PayPal worth $46,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mizuho Securities USA LLC lifted its holdings in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock valued at $819,315,000 after purchasing an additional 10,419,351 shares during the last quarter. Koa Wealth Management LLC purchased a new position in shares of PayPal during the 3rd quarter worth $226,000. Linscomb Wealth Inc. lifted its stake in shares of PayPal by 4.0% during the 3rd quarter. Linscomb Wealth Inc. now owns 28,334 shares of the credit services provider's stock valued at $2,211,000 after buying an additional 1,087 shares in the last quarter. Valley Wealth Managers Inc. increased its holdings in shares of PayPal by 0.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 257,499 shares of the credit services provider's stock worth $20,093,000 after buying an additional 845 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in PayPal by 1.6% during the 3rd quarter. Empirical Finance LLC now owns 38,090 shares of the credit services provider's stock valued at $2,972,000 after purchasing an additional 585 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group increased their target price on shares of PayPal from $72.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their price objective on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. StockNews.com upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research report on Sunday, November 3rd. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a report on Wednesday, October 30th. Finally, Susquehanna boosted their target price on shares of PayPal from $83.00 to $94.00 and gave the stock a "positive" rating in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and an average target price of $83.45.

PayPal Trading Down 1.4 %

PYPL traded down $1.16 during trading on Monday, hitting $84.67. The company's stock had a trading volume of 10,122,264 shares, compared to its average volume of 13,458,351. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a twelve month low of $55.28 and a twelve month high of $87.92. The stock's fifty day moving average price is $78.86 and its 200-day moving average price is $69.04. The firm has a market capitalization of $84.88 billion, a P/E ratio of 20.42, a PEG ratio of 1.53 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

PayPal 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.