PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,068,976 shares of the credit services provider's stock after purchasing an additional 22,474 shares during the quarter. PayPal accounts for approximately 0.6% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s investment portfolio, making the stock its 28th largest holding. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.31% of PayPal worth $239,472,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Family Firm Inc. purchased a new position in PayPal during the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC raised its position in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Tortoise Investment Management LLC raised its position in PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 465 shares in the last quarter. Planning Capital Management Corp raised its position in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in PayPal during the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Price Performance

PYPL opened at $84.74 on Thursday. The stock's 50-day moving average price is $79.78 and its 200 day moving average price is $69.40. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12-month low of $55.28 and a 12-month high of $87.92. The firm has a market cap of $84.96 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.50 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the business earned $0.97 EPS. PayPal's revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PYPL. Daiwa America upgraded PayPal from a "moderate buy" rating to a "strong-buy" rating in a research report on Friday, August 9th. Oppenheimer began coverage on PayPal in a research report on Tuesday, October 1st. They issued a "market perform" rating for the company. Mizuho boosted their price objective on PayPal from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Monness Crespi & Hardt boosted their price objective on PayPal from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group boosted their price target on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.45.

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.

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