Boston Common Asset Management LLC Sells 23,939 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Boston Common Asset Management LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 88,748 shares of the credit services provider’s stock after selling 23,939 shares during the quarter. Boston Common Asset Management LLC’s holdings in PayPal were worth $7,575,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PYPL. Mizuho Securities USA LLC increased its position in PayPal by 12,919.4% during 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 acquiring an additional 10,419,351 shares during the period. FMR LLC increased its position in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. World Investment Advisors LLC bought a new position in PayPal during the third quarter worth about $387,435,000. Clearbridge Investments LLC increased its position in PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after acquiring an additional 1,866,925 shares during the period. Finally, International Assets Investment Management LLC increased its position in PayPal by 9,864.9% during the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after acquiring an additional 1,108,030 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Stock Up 3.3 %

PayPal stock opened at $91.81 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The firm has a 50 day moving average price of $87.23 and a two-hundred day moving average price of $76.49. The firm has a market cap of $92.04 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business earned $0.97 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PYPL shares. Oppenheimer started coverage on shares of PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Canaccord Genuity Group increased their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Phillip Securities reiterated an “accumulate” rating and set a $90.00 price objective (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Keefe, Bruyette & Woods increased their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, UBS Group increased their price objective on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.32.

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.