AustralianSuper Pty Ltd Has $12.52 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

AustralianSuper Pty Ltd increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 46.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,431 shares of the credit services provider’s stock after acquiring an additional 50,578 shares during the quarter. AustralianSuper Pty Ltd’s holdings in PayPal were worth $12,518,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pittenger & Anderson Inc. lifted its stake in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the period. CarsonAllaria Wealth Management Ltd. lifted its position in shares of PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 185 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of PayPal during the second quarter worth approximately $29,000. Finally, SYSTM Wealth Solutions LLC grew its position in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PYPL shares. Canaccord Genuity Group lifted their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday. Mizuho upped their target price on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Robert W. Baird lifted their price target on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday. Finally, Royal Bank of Canada raised their price objective on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday. Seventeen investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.03.

PayPal Stock Performance

Shares of PYPL traded up $0.87 during trading hours on Thursday, reaching $79.09. 4,112,910 shares of the company traded hands, compared to its average volume of 13,596,996. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s fifty day moving average is $76.24 and its 200 day moving average is $67.48. PayPal Holdings, Inc. has a 1-year low of $50.80 and a 1-year high of $83.70. The stock has a market cap of $82.73 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

PayPal Company 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.