Siemens Fonds Invest GmbH decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 53.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,739 shares of the credit services provider's stock after selling 25,669 shares during the quarter. Siemens Fonds Invest GmbH's holdings in PayPal were worth $1,941,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of PYPL. Brighton Jones LLC raised its stake in PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after buying an additional 924 shares during the period. PFG Investments LLC increased its stake in shares of PayPal by 5.3% in the fourth quarter. PFG Investments LLC now owns 14,678 shares of the credit services provider's stock valued at $1,253,000 after buying an additional 741 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in PayPal during the 4th quarter valued at approximately $2,157,000. Pacer Advisors Inc. grew its position in shares of PayPal by 3.3% during the 4th quarter. Pacer Advisors Inc. now owns 130,154 shares of the credit services provider's stock worth $11,109,000 after buying an additional 4,117 shares during the period. Finally, Parsons Capital Management Inc. RI lifted its holdings in shares of PayPal by 229.5% in the 4th quarter. Parsons Capital Management Inc. RI now owns 21,543 shares of the credit services provider's stock worth $1,839,000 after purchasing an additional 15,004 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.
PayPal Stock Performance
Shares of NASDAQ PYPL traded down $0.89 during midday trading on Friday, hitting $70.04. The company's stock had a trading volume of 14,934,033 shares, compared to its average volume of 11,197,816. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The firm has a market capitalization of $68.12 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.27 and a beta of 1.51. The stock has a fifty day moving average price of $66.32 and a 200 day moving average price of $76.64.
PayPal (NASDAQ:PYPL - Get Free Report) last announced 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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the firm posted $1.08 earnings per share. PayPal's quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Evercore ISI initiated coverage on PayPal in a report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective for the company. Piper Sandler dropped their target price on PayPal from $76.00 to $70.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Macquarie lowered their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. BMO Capital Markets cut their target price on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Finally, Robert W. Baird lifted their target price on PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and an average target price of $83.68.
Read Our Latest Research Report on PYPL
PayPal Company Profile
(
Free Report)
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.
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