Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 324,261 shares of the credit services provider's stock, valued at approximately $27,676,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PKO Investment Management Joint Stock Co acquired a new position in shares of PayPal in the 4th quarter valued at $2,560,000. Centaurus Financial Inc. lifted its stake in shares of PayPal by 11.7% in the 4th quarter. Centaurus Financial Inc. now owns 16,195 shares of the credit services provider's stock valued at $1,382,000 after purchasing an additional 1,690 shares during the last quarter. Audent Global Asset Management LLC lifted its stake in shares of PayPal by 164.6% in the 4th quarter. Audent Global Asset Management LLC now owns 37,942 shares of the credit services provider's stock valued at $3,238,000 after purchasing an additional 23,604 shares during the last quarter. GHE LLC lifted its stake in shares of PayPal by 4.7% in the 4th quarter. GHE LLC now owns 28,214 shares of the credit services provider's stock valued at $2,408,000 after purchasing an additional 1,258 shares during the last quarter. Finally, Fluent Financial LLC lifted its stake in shares of PayPal by 178.1% in the 4th quarter. Fluent Financial LLC now owns 18,885 shares of the credit services provider's stock valued at $1,612,000 after purchasing an additional 12,095 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on PYPL shares. Arete Research set a $81.00 price target on PayPal in a research note on Thursday, March 27th. Keefe, Bruyette & Woods decreased their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Macquarie decreased their price target on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Compass Point assumed coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target on the stock. Finally, Piper Sandler cut their price objective on PayPal from $76.00 to $70.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, PayPal currently has an average rating of "Moderate Buy" and an average price target of $83.68.
Get Our Latest Stock Analysis on PYPL
PayPal Stock Down 1.3%
Shares of PYPL traded down $0.89 during mid-day trading on Friday, reaching $70.04. The company's stock had a trading volume of 14,934,033 shares, compared to its average volume of 11,210,101. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The stock has a market cap of $68.12 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company's 50 day moving average is $66.32 and its 200 day moving average is $76.71.
PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The business's revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
About PayPal
(
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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