Flossbach Von Storch SE Lowers Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Flossbach Von Storch SE lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 33.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 582,198 shares of the credit services provider’s stock after selling 288,005 shares during the period. Flossbach Von Storch SE owned 0.06% of PayPal worth $49,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of PYPL. Hussman Strategic Advisors Inc. purchased a new stake in shares of PayPal during the 4th quarter valued at $1,792,000. First Bank & Trust lifted its holdings in shares of PayPal by 5.6% during the 4th quarter. First Bank & Trust now owns 4,240 shares of the credit services provider’s stock valued at $362,000 after purchasing an additional 224 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of PayPal by 13.3% during the 4th quarter. Handelsbanken Fonder AB now owns 395,145 shares of the credit services provider’s stock valued at $33,726,000 after purchasing an additional 46,380 shares during the last quarter. Wealth Alliance lifted its holdings in shares of PayPal by 10.2% during the 4th quarter. Wealth Alliance now owns 9,289 shares of the credit services provider’s stock valued at $793,000 after purchasing an additional 862 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in PayPal by 67.2% in the 4th quarter. Ieq Capital LLC now owns 264,371 shares of the credit services provider’s stock worth $22,564,000 after acquiring an additional 106,236 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ:PYPL opened at $78.36 on Thursday. The company has a fifty day simple moving average of $85.98 and a two-hundred day simple moving average of $80.56. The company has a market cap of $77.52 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. 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 $56.97 and a 52 week high of $93.66.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on PYPL. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Monness Crespi & Hardt raised their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Morgan Stanley cut their price target on PayPal from $90.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Canaccord Genuity Group increased their price target on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Macquarie increased their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Thirteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.52.

About PayPal

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.