LGT Group Foundation Acquires 1,152 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

LGT Group Foundation increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,394 shares of the credit services provider’s stock after acquiring an additional 1,152 shares during the quarter. LGT Group Foundation’s holdings in PayPal were worth $719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of PayPal during the fourth quarter valued at approximately $749,561,000. Clearbridge Investments LLC grew its stake in shares of PayPal by 15.8% in the 1st quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock worth $445,103,000 after buying an additional 904,804 shares during the last quarter. First Trust Advisors LP increased its position in PayPal by 1.7% during the 4th quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock valued at $225,283,000 after buying an additional 61,384 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in PayPal by 5.1% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider’s stock valued at $176,789,000 after buying an additional 146,643 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in PayPal by 11.9% in the fourth quarter. Hsbc Holdings PLC now owns 2,891,840 shares of the credit services provider’s stock worth $177,541,000 after acquiring an additional 306,613 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Susquehanna raised their price objective on shares of PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research note on Wednesday, July 31st. Sanford C. Bernstein raised shares of PayPal from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $71.00 to $78.00 in a report on Wednesday, July 31st. William Blair upgraded shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. Finally, Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $68.00 to $72.00 in a report on Friday, August 9th. Eighteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $75.56.

PayPal Trading Up 0.7 %

Shares of NASDAQ:PYPL opened at $69.35 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $74.40. The company has a market cap of $70.90 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The stock has a 50 day moving average of $64.73 and a 200 day moving average of $63.67.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current 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.