Assenagon Asset Management S.A. lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,560,895 shares of the credit services provider's stock after selling 233,446 shares during the quarter. Assenagon Asset Management S.A. owned 0.16% of PayPal worth $133,222,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in PayPal in the 3rd quarter valued at about $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal in the 3rd quarter worth approximately $810,000. FCG Investment Co acquired a new stake in PayPal during the third quarter valued at approximately $1,079,000. Equity Investment Corp boosted its holdings in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock worth $155,927,000 after buying an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. grew its position in PayPal by 68.9% in the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider's stock worth $3,253,000 after buying an additional 17,003 shares during the last quarter. Institutional investors own 68.32% of the company's stock.
Wall Street Analyst Weigh In
PYPL has been the subject of a number of recent research reports. Susquehanna increased their price objective on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. Robert W. Baird upped their target price on PayPal from $80.00 to $91.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Macquarie lifted their price target on PayPal from $95.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. Canaccord Genuity Group boosted their price objective on PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and an average price target of $89.16.
View Our Latest Analysis on PayPal
PayPal Trading Up 3.8 %
Shares of NASDAQ:PYPL opened at $87.18 on Wednesday. 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 stock has a market capitalization of $87.40 billion, a PE ratio of 20.81, a P/E/G ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The firm has a fifty day moving average price of $86.91 and a 200 day moving average price of $76.31.
PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (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 the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The firm's revenue was up 6.0% on a year-over-year basis. Analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.
PayPal Profile
(
Free Report)
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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