PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% in the third quarter, Holdings Channel.com reports. The firm owned 100,855 shares of the credit services provider’s stock after acquiring an additional 767 shares during the quarter. Pathstone Holdings LLC’s holdings in PayPal were worth $7,870,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Mizuho Securities USA LLC boosted its holdings in PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after acquiring an additional 10,419,351 shares during the last quarter. Primecap Management Co. CA raised its holdings in PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after buying an additional 3,184,160 shares during the period. Clearbridge Investments LLC lifted its position in PayPal by 28.1% during 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 buying an additional 1,866,925 shares in the last quarter. International Assets Investment Management LLC grew its stake in PayPal by 9,864.9% during the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after buying an additional 1,108,030 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of PayPal by 139.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock worth $120,492,000 after acquiring an additional 899,476 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Stephens raised their target price on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. UBS Group upped their price target on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their price objective on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.45.

PayPal Trading Up 0.4 %

PayPal stock opened at $85.04 on Friday. PayPal Holdings, Inc. has a 12-month low of $55.55 and a 12-month high of $87.92. The stock has a market capitalization of $85.26 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.43. The firm has a 50 day simple moving average of $80.07 and a 200-day simple moving average of $69.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) 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. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

PayPal Company 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.