Impax Asset Management Group plc Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Impax Asset Management Group plc trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,480 shares of the credit services provider’s stock after selling 167 shares during the quarter. Impax Asset Management Group plc’s holdings in PayPal were worth $1,151,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal during the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton grew its holdings in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares in the last quarter. Planning Capital Management Corp grew its holdings in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in PayPal in the 3rd quarter valued at $36,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird dropped their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. Macquarie upped their target price on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, Susquehanna upped their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $90.52.

PayPal Price Performance

PYPL stock opened at $74.07 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $73.27 billion, a P/E ratio of 18.47, a P/E/G ratio of 1.27 and a beta of 1.44. The business’s 50-day moving average is $84.52 and its two-hundred day moving average is $81.02. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66.

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

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.