Los Angeles Capital Management LLC Has $7.89 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Los Angeles Capital Management LLC decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 86.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 117,799 shares of the credit services provider’s stock after selling 747,028 shares during the period. Los Angeles Capital Management LLC’s holdings in PayPal were worth $7,891,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of PayPal in the 4th quarter worth about $749,561,000. FMR LLC boosted its holdings in PayPal by 29.5% during the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after acquiring an additional 1,575,930 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in PayPal by 125.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after acquiring an additional 958,130 shares during the last quarter. Morgan Stanley grew its stake in shares of PayPal by 4.5% in the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after acquiring an additional 873,181 shares in the last quarter. Finally, Boston Partners grew its position in PayPal by 4,024.5% in the 4th quarter. Boston Partners now owns 783,248 shares of the credit services provider’s stock worth $48,099,000 after purchasing an additional 764,258 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 1.7 %

Shares of PayPal stock opened at $59.12 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The firm has a market cap of $61.84 billion, a PE ratio of 14.89, a PEG ratio of 0.97 and a beta of 1.43. The company has a 50 day simple moving average of $63.80 and a two-hundred day simple moving average of $62.42.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent analyst reports. UBS Group upped their target price on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Tuesday, April 30th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 price objective on shares of PayPal in a report on Thursday, June 13th. New Street Research started coverage on shares of PayPal in a research note on Friday, May 31st. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Monness Crespi & Hardt raised their price target on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Twenty investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, PayPal presently has an average rating of “Hold” and an average price target of $73.82.

Insider Activity

In related news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the transaction, the director now owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

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.