M&G Plc lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 16.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 256,548 shares of the credit services provider's stock after buying an additional 36,009 shares during the period. M&G Plc's holdings in PayPal were worth $20,011,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Family Firm Inc. acquired a new stake in PayPal in the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted its stake in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 167 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in PayPal by 930.0% during the second 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 in the last quarter. CarsonAllaria Wealth Management Ltd. grew its position in PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider's stock worth $31,000 after buying an additional 185 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of PayPal during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 68.32% of the company's stock.
A number of equities analysts recently issued reports on the company. Stephens lifted their target price on PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. TD Cowen boosted their price objective on PayPal from $68.00 to $70.00 and gave the stock a "hold" rating in a report on Wednesday, July 31st. Phillip Securities reiterated an "accumulate" rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a report on Friday, November 1st. William Blair upgraded shares of PayPal to a "hold" rating in a report on Tuesday, July 30th. Finally, Macquarie lifted their price objective on shares of PayPal from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PayPal has an average rating of "Moderate Buy" and a consensus target price of $83.45.
View Our Latest Stock Analysis on PYPL
PYPL opened at $81.35 on Friday. The business has a 50 day moving average of $77.00 and a 200-day moving average of $68.05. The stock has a market capitalization of $81.56 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.39 and a beta of 1.43. 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 1-year low of $53.55 and a 1-year high of $83.70.
PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the firm earned $0.97 EPS. The business's revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.
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.
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