Csenge Advisory Group Has $441,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Csenge Advisory Group trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,166 shares of the credit services provider’s stock after selling 382 shares during the period. Csenge Advisory Group’s holdings in PayPal were worth $441,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PYPL. FMR LLC grew its stake in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after purchasing an additional 1,069,356 shares during the period. World Investment Advisors LLC purchased a new position in PayPal during the third quarter valued at approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in 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 buying an additional 2,689,162 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Up 0.8 %

Shares of PYPL opened at $78.62 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The company has a 50-day simple moving average of $86.18 and a 200-day simple moving average of $80.45. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The firm has a market capitalization of $77.77 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

PYPL has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt lifted their price objective on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Canaccord Genuity Group upped their target price on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Finally, Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a report on Friday, December 13th. Thirteen research analysts have rated the stock with 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, the company presently has an average rating of “Moderate Buy” and an average target price of $90.52.

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.