PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 41.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 22,923 shares of the credit services provider's stock after acquiring an additional 6,744 shares during the period. Fifth Third Wealth Advisors LLC's holdings in PayPal were worth $1,496,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in PayPal in the 4th quarter worth approximately $1,086,508,000. Capital Research Global Investors grew its holdings in shares of PayPal by 108.2% in the fourth 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 increased its position in PayPal by 284.0% during the fourth 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 during the last quarter. FMR LLC lifted its holdings in PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the period. Finally, Northern Trust Corp boosted its position in PayPal by 19.0% in the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after purchasing an additional 1,669,908 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America cut their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Compass Point started coverage on shares of PayPal in a research note on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price on the stock. Wells Fargo & Company cut their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Truist Financial assumed coverage on PayPal in a research note on Monday. They issued a "sell" rating and a $68.00 price objective for the company. Finally, UBS Group cut their price objective on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $83.29.

PayPal Price Performance

PayPal stock traded up $0.62 during trading on Thursday, reaching $73.42. The company had a trading volume of 2,083,155 shares, compared to its average volume of 11,135,414. The firm has a market capitalization of $71.40 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The firm's 50-day simple moving average is $66.55 and its 200 day simple moving average is $76.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

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