Livforsakringsbolaget Skandia Omsesidigt Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Livforsakringsbolaget Skandia Omsesidigt grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 41.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,288 shares of the credit services provider’s stock after purchasing an additional 14,708 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in PayPal were worth $3,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Primecap Management Co. CA lifted its stake in shares of PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after buying an additional 3,184,160 shares during the period. Clearbridge Investments LLC lifted 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 valued at $493,907,000 after purchasing an additional 1,866,925 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in PayPal by 31.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock valued at $194,262,000 after purchasing an additional 687,940 shares during the period. Swedbank AB acquired a new position in PayPal during the first quarter valued at $42,297,000. Finally, Greenvale Capital LLP lifted its position in PayPal by 24.4% during the second quarter. Greenvale Capital LLP now owns 2,675,000 shares of the credit services provider’s stock valued at $155,230,000 after purchasing an additional 525,000 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

PYPL stock opened at $80.51 on Friday. The company has a market capitalization of $82.31 billion, a P/E ratio of 19.49, a PEG ratio of 1.49 and a beta of 1.44. The business has a 50 day simple moving average of $72.42 and a 200-day simple moving average of $66.13. 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 twelve month low of $50.25 and a twelve month high of $82.00.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PYPL shares. StockNews.com cut shares of PayPal from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $69.00 price objective on shares of PayPal in a report on Thursday, September 19th. TD Cowen boosted their target price on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Barclays boosted their target price on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Seventeen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average target price of $76.47.

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.