Lansforsakringar Fondforvaltning AB publ Acquires Shares of 324,261 PayPal Holdings, Inc. (NASDAQ:PYPL)

Lansforsakringar Fondforvaltning AB publ bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 324,261 shares of the credit services provider's stock, valued at approximately $27,676,000.

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

Analysts Set New Price Targets

PYPL has been the topic of several research reports. BTIG Research reissued a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Bank of America cut their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley raised their price target on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Barclays cut their price target on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Evercore ISI began coverage on shares of PayPal in a report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target for the company. Two 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 stock. Based on data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and a consensus price target of $83.68.

PayPal Trading Down 0.7%

PayPal stock traded down $0.51 during mid-day trading on Thursday, reaching $70.93. 7,057,870 shares of the company traded hands, compared to its average volume of 11,197,670. 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 52-week low of $55.85 and a 52-week high of $93.66. The firm has a market capitalization of $68.98 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 1.27 and a beta of 1.51. The firm's 50 day moving average price is $66.34 and its 200 day moving average price is $76.93.

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

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.