Swedbank AB Has $60.62 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Swedbank AB boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 710,280 shares of the credit services provider's stock after buying an additional 14,997 shares during the period. Swedbank AB owned about 0.07% of PayPal worth $60,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC lifted its holdings in shares of PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after acquiring an additional 3,976 shares during the period. World Investment Advisors LLC bought a new position in PayPal in the 3rd quarter valued at $387,435,000. United Advisor Group LLC acquired a new stake in PayPal in the third quarter worth about $810,000. FCG Investment Co bought a new stake in PayPal during the 3rd quarter worth about $1,079,000. Finally, Equity Investment Corp lifted its position in PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock valued at $155,927,000 after purchasing an additional 67,497 shares during the period. Institutional investors own 68.32% of the company's stock.

PayPal Trading Up 1.1 %

NASDAQ:PYPL traded up $1.01 during trading hours on Thursday, hitting $89.77. 3,996,974 shares of the company were exchanged, compared to its average volume of 7,997,849. The stock has a market capitalization of $90.00 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The company has a fifty day simple moving average of $88.04 and a 200 day simple moving average of $78.53. 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 (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PYPL shares. Stephens boosted their price target on shares of PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a 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 note on Friday, December 13th. Finally, The Goldman Sachs Group upped their price target on PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $89.48.

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.