Czech National Bank Raises Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Czech National Bank boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 227,213 shares of the credit services provider's stock after acquiring an additional 9,842 shares during the period. Czech National Bank's holdings in PayPal were worth $14,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal in the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new position in shares of PayPal during the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. bought a new stake in shares of PayPal in the 4th quarter worth approximately $34,000. Pinney & Scofield Inc. bought a new stake in PayPal in the fourth quarter worth $35,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of PayPal in the 4th quarter valued at about $38,000. Institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.40 during midday trading on Tuesday, hitting $71.33. The company had a trading volume of 7,305,515 shares, compared to its average volume of 11,167,688. The company has a fifty day moving average of $66.34 and a two-hundred day moving average of $76.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a market cap of $69.37 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.08 EPS. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PYPL shares. Keefe, Bruyette & Woods lowered their price objective on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Macquarie lowered their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Truist Financial initiated coverage on PayPal in a research report on Monday. They set a "sell" rating and a $68.00 price objective for the company. Finally, Barclays lowered their price target on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, PayPal presently has an average rating of "Hold" and an average price target of $83.29.

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.