Mattson Financial Services LLC Has $2.99 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mattson Financial Services LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,356 shares of the credit services provider's stock after selling 5,824 shares during the period. Mattson Financial Services LLC's holdings in PayPal were worth $2,993,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PYPL. Norges Bank acquired a new stake in PayPal during the fourth quarter worth $1,086,508,000. Capital Research Global Investors lifted its holdings in shares of PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after acquiring an additional 9,313,783 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after acquiring an additional 5,772,198 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after purchasing an additional 2,689,162 shares during the period. Finally, FMR LLC raised its holdings in shares of PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after buying an additional 2,161,582 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Trading Down 1.3%

PayPal stock traded down $0.89 during midday trading on Friday, hitting $70.04. 14,934,033 shares of the stock were exchanged, compared to its average volume of 11,210,101. The stock has a market capitalization of $68.12 billion, a PE ratio of 17.47, a P/E/G ratio of 1.27 and a beta of 1.51. The company has a fifty day simple moving average of $66.32 and a two-hundred day simple moving average of $76.71. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66.

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

Analysts Set New Price Targets

Several analysts recently commented on PYPL shares. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Evercore ISI started coverage on shares of PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price for the company. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 price objective on shares of PayPal in a research report on Wednesday, April 30th. Finally, Robert W. Baird raised their target price on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.68.

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.