PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 33.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,235 shares of the credit services provider’s stock after selling 28,241 shares during the quarter. Los Angeles Capital Management LLC’s holdings in PayPal were worth $4,800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC lifted its holdings in shares of 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 last quarter. FMR LLC raised its position in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC acquired a new stake in PayPal in the third quarter valued at approximately $387,435,000. Robeco Institutional Asset Management B.V. grew its position 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 acquiring an additional 2,689,162 shares in the last quarter. Finally, Primecap Management Co. CA increased its stake in shares of 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 worth $469,414,000 after purchasing an additional 1,069,356 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Macquarie boosted their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Robert W. Baird lowered their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Keefe, Bruyette & Woods boosted their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and increased their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.97.

PayPal Price Performance

Shares of PayPal stock opened at $70.73 on Friday. The firm has a market cap of $69.97 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The firm’s 50-day simple moving average is $83.93 and its 200-day simple moving average is $80.89. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating 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 company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.