Sabal Trust CO Grows Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sabal Trust CO boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 143.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,925 shares of the credit services provider’s stock after buying an additional 4,672 shares during the quarter. Sabal Trust CO’s holdings in PayPal were worth $676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Mizuho Securities USA LLC raised its holdings 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 during the period. FMR LLC increased its stake in PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. World Investment Advisors LLC purchased a new stake in PayPal in the third quarter worth $387,435,000. Robeco Institutional Asset Management B.V. increased its stake in PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after purchasing an additional 2,689,162 shares during the period. Finally, Primecap Management Co. CA increased its stake in PayPal by 21.6% in the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after purchasing an additional 1,069,356 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $72.05 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $71.27 billion, a PE ratio of 17.97, a P/E/G ratio of 1.27 and a beta of 1.44. The business has a 50-day simple moving average of $84.25 and a two-hundred day simple moving average of $80.96. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PYPL. The Goldman Sachs Group increased their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. BMO Capital Markets increased their target price on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Barclays increased their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Morgan Stanley increased their target price on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday. Fourteen 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.55.

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.