Y Intercept Hong Kong Ltd Invests $1.35 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

Y Intercept Hong Kong Ltd acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, Holdings Channel.com reports. The firm acquired 15,790 shares of the credit services provider’s stock, valued at approximately $1,348,000.

Other large investors have also made changes to their positions in the company. FMR LLC lifted its holdings in PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of PayPal by 12,919.4% in the third 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. Primecap Management Co. CA lifted its stake in shares of PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after buying an additional 1,069,356 shares during the period. World Investment Advisors LLC acquired a new stake in PayPal during the third quarter worth approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in PayPal by 174.1% in the 4th 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 during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 2.7 %

Shares of NASDAQ PYPL opened at $72.05 on Thursday. 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 Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The stock’s 50-day simple moving average is $84.25 and its 200-day simple moving average is $80.96. The firm has a market cap of $71.27 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 EPS. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PYPL. BMO Capital Markets increased their price target on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. The Goldman Sachs Group lifted their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus target price of $90.55.

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.