PayPal Holdings, Inc. (NASDAQ:PYPL) Position Boosted by National Pension Service

National Pension Service increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,084,398 shares of the credit services provider’s stock after acquiring an additional 110,691 shares during the quarter. National Pension Service owned approximately 0.20% of PayPal worth $162,646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FCG Investment Co bought a new stake in PayPal during the third quarter worth approximately $1,079,000. Brown Financial Advisors purchased a new stake in PayPal in the 2nd quarter worth approximately $1,454,000. Cape Cod Five Cents Savings Bank bought a new position in shares of PayPal during the 2nd quarter valued at $3,014,000. Distillate Capital Partners LLC raised its holdings in shares of PayPal by 156,934.7% during the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock valued at $19,957,000 after purchasing an additional 343,687 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of PayPal by 44.6% during the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock valued at $83,000 after purchasing an additional 381 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Stephens boosted their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. TD Cowen boosted their target price on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Oppenheimer assumed coverage on shares of PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Stock Performance

Shares of PayPal stock opened at $78.13 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $78.33 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.38 and a beta of 1.43. The business has a fifty day simple moving average of $76.63 and a two-hundred day simple moving average of $67.83. PayPal Holdings, Inc. has a 12 month low of $53.55 and a 12 month high of $83.70.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.56 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.