IFM Investors Pty Ltd Sells 3,091 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

IFM Investors Pty Ltd lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 209,054 shares of the credit services provider’s stock after selling 3,091 shares during the period. IFM Investors Pty Ltd’s holdings in PayPal were worth $16,312,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Primecap Management Co. CA lifted its position in PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after purchasing an additional 3,184,160 shares during the period. Clearbridge Investments LLC boosted its position in shares of PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after acquiring an additional 1,866,925 shares in the last quarter. International Assets Investment Management LLC increased its stake in PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after acquiring an additional 1,108,030 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in PayPal by 31.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock worth $194,262,000 after purchasing an additional 687,940 shares in the last quarter. Finally, Swedbank AB bought a new position in PayPal during the first quarter worth about $42,297,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PYPL. Jefferies Financial Group lowered their price target on PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Macquarie increased their price target on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 price objective on shares of PayPal in a research report on Wednesday, September 18th. BMO Capital Markets increased their target price on PayPal from $72.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Finally, Monness Crespi & Hardt lifted their price target on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $78.03.

PayPal Stock Up 0.7 %

Shares of PYPL stock traded up $0.59 during trading hours on Thursday, hitting $81.42. 4,467,305 shares of the company were exchanged, compared to its average volume of 13,540,586. The company has a market capitalization of $83.24 billion, a PE ratio of 19.74, a PEG ratio of 1.47 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $82.48. The business has a 50 day moving average of $75.11 and a two-hundred day moving average of $66.95. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The company’s revenue was up 8.2% on a year-over-year basis. Analysts anticipate that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

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.