St. Louis Financial Planners Asset Management LLC Invests $1.42 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

St. Louis Financial Planners Asset Management LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 17,838 shares of the credit services provider’s stock, valued at approximately $1,416,000. PayPal accounts for 1.1% of St. Louis Financial Planners Asset Management LLC’s holdings, making the stock its 26th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its holdings in shares of PayPal by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock valued at $501,184,000 after acquiring an additional 276,287 shares in the last quarter. Clearbridge Investments LLC grew its stake in PayPal by 28.1% in the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares in the last quarter. Primecap Management Co. CA increased its position in PayPal by 180.7% in the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PayPal by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock worth $183,789,000 after purchasing an additional 409,322 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of PayPal by 5.1% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider’s stock valued at $176,789,000 after buying an additional 146,643 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

PYPL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price objective on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Oppenheimer assumed coverage on shares of PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Jefferies Financial Group lowered their target price on shares of PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Barclays raised their target price on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. upped their price target on PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Seventeen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.41.

PayPal Stock Up 1.1 %

Shares of PYPL opened at $81.16 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $71.11 and a two-hundred day moving average price of $65.71. The stock has a market cap of $84.90 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.41 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $81.40.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the company earned $0.83 EPS. PayPal’s revenue was up 8.2% on a year-over-year basis. Equities analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

About PayPal

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.