BNP Paribas Increases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

BNP Paribas boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,889 shares of the credit services provider’s stock after purchasing an additional 2,941 shares during the period. BNP Paribas’ holdings in PayPal were worth $1,860,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PYPL. Price T Rowe Associates Inc. MD grew its stake in PayPal by 1.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,472,635 shares of the credit services provider’s stock valued at $98,653,000 after acquiring an additional 23,991 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of PayPal by 9.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 46,381 shares of the credit services provider’s stock valued at $3,107,000 after purchasing an additional 4,169 shares in the last quarter. Plato Investment Management Ltd grew its position in shares of PayPal by 1,030.1% in the first quarter. Plato Investment Management Ltd now owns 30,162 shares of the credit services provider’s stock valued at $2,021,000 after purchasing an additional 27,493 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of PayPal in the first quarter valued at approximately $64,000. Finally, Citizens Financial Group Inc. RI raised its position in shares of PayPal by 5.4% during the 1st quarter. Citizens Financial Group Inc. RI now owns 10,485 shares of the credit services provider’s stock worth $702,000 after purchasing an additional 538 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their price objective on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Morgan Stanley upped their target price on shares of PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Macquarie lifted their price target on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, PayPal has an average rating of “Moderate Buy” and an average price target of $83.60.

PayPal Stock Down 0.9 %

Shares of NASDAQ:PYPL opened at $86.94 on Wednesday. The firm has a market cap of $87.16 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. The company has a fifty day simple moving average of $81.04 and a 200 day simple moving average of $70.06. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12-month low of $55.71 and a 12-month high of $88.74.

PayPal (NASDAQ:PYPL) last announced 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 during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

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.