Citizens Financial Group Inc. RI Cuts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Citizens Financial Group Inc. RI trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,139 shares of the credit services provider’s stock after selling 615 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in PayPal were worth $1,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PYPL. Mizuho Securities USA LLC boosted its stake 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 purchasing an additional 10,419,351 shares during the period. Primecap Management Co. CA lifted its holdings in PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after buying an additional 3,184,160 shares in the last quarter. Clearbridge Investments LLC boosted its position in PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after buying an additional 1,866,925 shares during the period. International Assets Investment Management LLC grew its stake in shares of PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after acquiring an additional 1,108,030 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of PayPal by 139.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock worth $120,492,000 after acquiring an additional 899,476 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Up 2.3 %

Shares of PYPL stock opened at $86.77 on Friday. PayPal Holdings, Inc. has a twelve month low of $55.55 and a twelve month 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’s 50 day moving average is $80.41 and its two-hundred day moving average is $69.66. The company has a market capitalization of $86.99 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.50 and a beta of 1.43.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PYPL shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 target price on shares of PayPal in a report on Wednesday, September 18th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Piper Sandler reiterated a “neutral” rating and issued a $88.00 price target on shares of PayPal in a research note on Friday. Finally, Barclays increased their price objective on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $83.60.

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.