PayPal Holdings, Inc. (NASDAQ:PYPL) Position Lifted by Axa S.A.

Axa S.A. grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,410 shares of the credit services provider’s stock after acquiring an additional 4,809 shares during the period. Axa S.A.’s holdings in PayPal were worth $15,924,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PYPL. Primecap Management Co. CA lifted its stake in 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 worth $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of PayPal by 125.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after buying an additional 958,130 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of PayPal by 15.8% in the 1st quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after buying an additional 904,804 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of PayPal by 31.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock valued at $194,262,000 after buying an additional 687,940 shares during the period. Finally, Swedbank AB acquired a new stake in PayPal during the first quarter worth about $42,297,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 2.7 %

Shares of PayPal stock opened at $77.88 on Friday. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $80.63. The company has a market cap of $81.47 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.11 and a beta of 1.43. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $68.41 and a 200 day moving average price of $64.93.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 price objective on shares of PayPal in a research note on Wednesday, September 18th. UBS Group raised their target price on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $68.00 to $72.00 in a research report on Friday, August 9th. Seventeen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $76.38.

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.