Ballentine Partners LLC Raises Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ballentine Partners LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,208 shares of the credit services provider’s stock after acquiring an additional 971 shares during the quarter. Ballentine Partners LLC’s holdings in PayPal were worth $1,298,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its holdings in PayPal by 29.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 23,112 shares of the credit services provider’s stock valued at $1,341,000 after purchasing an additional 5,251 shares during the last quarter. AE Wealth Management LLC increased its stake in PayPal by 14.3% during the 2nd quarter. AE Wealth Management LLC now owns 27,523 shares of the credit services provider’s stock worth $1,597,000 after buying an additional 3,448 shares during the period. Pacer Advisors Inc. raised its holdings in shares of PayPal by 2.5% in the 2nd quarter. Pacer Advisors Inc. now owns 128,170 shares of the credit services provider’s stock valued at $7,438,000 after purchasing an additional 3,130 shares in the last quarter. Sei Investments Co. raised its holdings in shares of PayPal by 35.4% in the 2nd quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock valued at $8,545,000 after purchasing an additional 38,488 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of PayPal by 20,552.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 11,772 shares of the credit services provider’s stock valued at $683,000 after purchasing an additional 11,715 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on PYPL shares. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Monness Crespi & Hardt raised their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Barclays boosted their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. BMO Capital Markets boosted their target price on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, Macquarie upped their target price on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average price target of $89.32.

PayPal Price Performance

NASDAQ PYPL opened at $89.77 on Wednesday. The company has a 50 day simple moving average of $87.50 and a 200-day simple moving average of $77.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $90.00 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share 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.