PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 139.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,544,179 shares of the credit services provider’s stock after acquiring an additional 899,476 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.15% of PayPal worth $120,492,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PYPL. Financial Management Professionals Inc. boosted its position in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares in the last quarter. CarsonAllaria Wealth Management Ltd. lifted its position in shares of PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after buying an additional 185 shares in the last quarter. Family Firm Inc. acquired a new stake in PayPal in the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC increased its holdings in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in PayPal during the first quarter worth $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PYPL. Wells Fargo & Company lifted their target price on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Barclays boosted their price objective on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price target on shares of PayPal in a research report on Wednesday, September 18th. Finally, Stephens raised their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.45.

PayPal Stock Performance

Shares of PYPL stock opened at $77.25 on Monday. PayPal Holdings, Inc. has a one year low of $52.55 and a one year high of $83.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.24 and a current ratio of 1.25. The firm’s 50 day moving average price is $76.50 and its 200-day moving average price is $67.72. The firm has a market cap of $77.45 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.41 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.56 EPS for the current 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.