2 weeks Ago By ABMN Staff
Dai ichi Life Insurance Company Ltd trimmed its position in shares of PayPal Holdings, Inc. ( NASDAQ:PYPL – Free Report ) by 8.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The firm owned 44,552 shares of the credit services provider’s stock after selling 4,049 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in PayPal were worth $2,585,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds have also recently made changes to their positions in the company.
Pittenger & Anderson Inc. raised its position in shares of PayPal by 77.5% during the 1st quarter.
Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares in the last quarter. American National Bank purchased a new stake in shares of PayPal during the first quarter valued at approximately $27,000.
Family Firm Inc. bought a new stake in PayPal during the 2nd quarter valued at $29,000. Register Financial Advisors LLC purchased a new stake in shares of PayPal during the first quarter worth about $30,000.
Finally, Tortoise Investment Management LLC grew its position in shares of PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after buying an additional 465 shares during the last quarter.
68.32% of the stock is currently owned by institutional investors. Analysts Set New Price Targets Several equities research analysts have recently commented on the stock.
UBS Group raised their target price on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st.
StockNews.com cut shares of PayPal from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Sanford C.
Bernstein upgraded shares of PayPal from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $71.00 to $78.00 in a report on Wednesday, July 31st.
Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, William Blair raised shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Eighteen 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.
Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.56. PayPal Price Performance NASDAQ:PYPL opened at $70.
10 on Monday. The stock has a 50 day moving average price of $65.55 and a 200 day moving average price of $63.
95. The stock has a market cap of $71.67 billion, a PE ratio of 17.
66, a P/E/G ratio of 0.99 and a beta of 1.43.
The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.
24. PayPal Holdings, Inc. has a one year low of $50.
25 and a one year high of $74.40. PayPal ( NASDAQ:PYPL – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th.
The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.
20. PayPal had a return on equity of 22.82% and a net margin of 14.
30%. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.
82 billion. During the same quarter in the previous year, the firm earned $0.83 EPS.
The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings, Inc.
will post 4.42 EPS for the current fiscal year. PayPal Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc.
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