Banco Santander S.A. Sells 16,395 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Banco Santander S.A. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,259 shares of the credit services provider’s stock after selling 16,395 shares during the period. Banco Santander S.A.’s holdings in PayPal were worth $11,881,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PYPL. Integrated Investment Consultants LLC purchased a new position in PayPal during the 3rd quarter valued at $4,951,000. John G Ullman & Associates Inc. lifted its holdings in PayPal by 4.5% in the third quarter. John G Ullman & Associates Inc. now owns 46,180 shares of the credit services provider’s stock worth $3,603,000 after buying an additional 1,995 shares during the period. Landscape Capital Management L.L.C. grew its holdings in shares of PayPal by 308.0% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 17,880 shares of the credit services provider’s stock worth $1,395,000 after acquiring an additional 13,498 shares during the period. Primecap Management Co. CA raised its position in shares of PayPal by 21.6% in 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 acquiring an additional 1,069,356 shares in the last quarter. Finally, Aurora Investment Counsel lifted its stake in shares of PayPal by 7.8% in the 3rd quarter. Aurora Investment Counsel now owns 16,091 shares of the credit services provider’s stock valued at $1,256,000 after purchasing an additional 1,159 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

PYPL opened at $85.04 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1-year low of $55.55 and a 1-year high of $87.92. The company has a 50 day simple moving average of $80.07 and a two-hundred day simple moving average of $69.51. The firm has a market cap of $85.26 billion, a P/E ratio of 20.30, a PEG ratio of 1.50 and a beta of 1.43.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PYPL shares. BMO Capital Markets increased their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $78.00 price objective on shares of PayPal in a research note on Wednesday, September 18th. JPMorgan Chase & Co. lifted their target price on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Fifteen 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.45.

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.