Ieq Capital LLC Purchases 106,236 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Ieq Capital LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 67.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 264,371 shares of the credit services provider’s stock after acquiring an additional 106,236 shares during the period. Ieq Capital LLC’s holdings in PayPal were worth $22,564,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in shares of PayPal by 86.3% in the 3rd 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 in the last quarter. Mizuho Securities USA LLC increased its position in PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after buying an additional 10,419,351 shares in the last quarter. Primecap Management Co. CA increased its position in PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after buying an additional 1,069,356 shares in the last quarter. World Investment Advisors LLC bought a new position in PayPal during the 3rd quarter valued at approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. increased its position in PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after buying an additional 2,689,162 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 0.3 %

Shares of PYPL stock opened at $78.36 on Thursday. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average price is $85.98 and its 200-day moving average price is $80.56. The stock has a market capitalization of $77.52 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on PYPL. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Wells Fargo & Company raised their price objective on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods raised their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Thirteen 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.52.

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.