PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 345,459 shares of the credit services provider’s stock after purchasing an additional 77,696 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in PayPal were worth $26,905,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Register Financial Advisors LLC purchased a new position in PayPal during the 1st quarter valued at about $30,000. Vicus Capital purchased a new position in PayPal during the first quarter valued at approximately $253,000. Founders Financial Securities LLC lifted its position in PayPal by 10.6% in the 1st quarter. Founders Financial Securities LLC now owns 7,299 shares of the credit services provider’s stock worth $489,000 after buying an additional 697 shares in the last quarter. Udine Wealth Management Inc. purchased a new stake in PayPal in the 1st quarter worth approximately $1,749,000. Finally, Miracle Mile Advisors LLC lifted its position in PayPal by 38.1% in the 1st quarter. Miracle Mile Advisors LLC now owns 11,361 shares of the credit services provider’s stock worth $761,000 after buying an additional 3,134 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $81.70 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $85.46 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 1.50 and a beta of 1.44. The company’s fifty day moving average is $75.65 and its two-hundred day moving average is $67.16. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $82.80.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.20. The company had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.44 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PYPL shares. The Goldman Sachs Group increased their target price on shares of PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Macquarie increased their target price on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Oppenheimer started coverage on shares of PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Seventeen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.03.

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.