PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Lifted by Davidson Investment Advisors

Davidson Investment Advisors increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 269,836 shares of the credit services provider's stock after purchasing an additional 4,075 shares during the quarter. Davidson Investment Advisors' holdings in PayPal were worth $23,031,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in PayPal by 12,919.4% during 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 purchasing an additional 10,419,351 shares in the last quarter. Primecap Management Co. CA grew its holdings in PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider's stock valued at $469,414,000 after purchasing an additional 1,069,356 shares in the last quarter. World Investment Advisors LLC acquired a new stake in PayPal during the 3rd quarter valued at $387,435,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after purchasing an additional 2,689,162 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Stock Performance

PayPal stock traded down $2.68 during mid-day trading on Friday, hitting $74.95. 15,156,060 shares of the company's stock traded hands, compared to its average volume of 11,485,007. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The firm has a 50 day moving average price of $85.50 and a 200 day moving average price of $80.53. The company has a market cap of $74.14 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for 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%. The company's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 earnings per share. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PYPL. Barclays raised their price target on shares of PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. BMO Capital Markets upped their target price on PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Wolfe Research raised PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Monness Crespi & Hardt upped their target price on PayPal from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods upped their target price on PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Thirteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.