S&CO Inc. Buys 8,882 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

S&CO Inc. lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.2% during the third quarter, Holdings Channel reports. The institutional investor owned 180,179 shares of the credit services provider’s stock after buying an additional 8,882 shares during the quarter. PayPal comprises approximately 0.9% of S&CO Inc.’s investment portfolio, making the stock its 29th largest holding. S&CO Inc.’s holdings in PayPal were worth $14,059,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Mizuho Securities USA LLC increased its position in shares of PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. Legal & General Group Plc boosted its holdings in PayPal by 3.3% in the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after acquiring an additional 276,287 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after acquiring an additional 1,866,925 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after acquiring an additional 3,184,160 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of PayPal by 12.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,189,947 shares of the credit services provider’s stock worth $248,912,000 after buying an additional 364,851 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.0 %

Shares of NASDAQ PYPL opened at $85.83 on Friday. The firm has a market capitalization of $86.05 billion, a PE ratio of 20.48, a PEG ratio of 1.53 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $55.28 and a one year high of $87.92. 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 business has a 50-day moving average price of $78.86 and a two-hundred day moving average price of $69.02.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PYPL shares. Canaccord Genuity Group lifted their target price on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $83.45.

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.